Live
- BJP urges EC to stop Cong’s ‘Guarantee Cards’ campaign aimed to 'induce voters'
- Congress cheated Madigas: Dr. RS Praveen Kumar
- CBDT signs record 125 pacts to ease tax payments by big multinational firms
- Kamal Nath accuses BJP of ‘threatening’ Congress leaders in Chhindwara
- Odisha: BJP, BJD allege violation of MCC
- PM Modi lands in Guwahati to kickstart poll campaign
- ‘100 day action plan’ is PM Modi’s signature style for setting goals and meeting targets
- BJP will change the Constitution if they come to power again, says Priyanka Gandhi
- BJP-led NDA to cross 390-mark in Lok Sabha polls, predicts India TV-CNX survey
- Haier launches new TV series in four sizes in India
Infosys confident of maintaining margin level in coming quarters
Infosys confident of maintaining margin level in coming quarters
India’s second-largest IT services firm Infosys is confident of maintaining the momentum in operating margin in the coming quarters despite wage hikes and possible rise in general & administrative (G&A) expenses
Bengaluru: India's second-largest IT services firm Infosys is confident of maintaining the momentum in operating margin in the coming quarters despite wage hikes and possible rise in general & administrative (G&A) expenses.
"As we look into the next year, in Q4 yes, we will have the impact of wages coming in from Q4. And during the rest of the year, there may be some travel impact as the vaccines are rolled out across, but parallelly we have seen that in this year as well we have been able to deploy all our cost optimisation levers quite aggressively during this time," said Nilanjan Roy, Chief Financial Officer at Infosys. "So, we are quite confident that we have these cost optimisation plans in place to negate some of the costs, which we will see coming up," Roy added.
In the quarter ended December, Infosys posted an operating margin of 25.4 per cent, which was 350 basis points higher than the corresponding period of last fiscal. The operating margin was 10 basis points higher than the previous quarter.
The Bengaluru-headquartered company has revised its margin guidance for FY21 to 24-24.5 per cent from 23-24 per cent earlier on the back of less travel and utility costs apart from deferring expenses on account of salary hike, bonuses, and other staff-related costs.
