Despite Lower Projected Attrition, Margin Impact to Remain High for IT Companies | In the News

During the first quarter, top IT companies such as Tata Consultancy Services (TCS), Infosys, and Wipro reported an impact on margins of 150-240 basis points from salary hikes.

“Even if these pressures are mitigated, there are still pent-up costs which need to be passed through if margins are going to fully recover,” said Peter Bendor-Samuel, CEO of Everest Group.

Read more in Economic Times

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