Infosys expects 300 bps hit to margins on wage increases

Infosys Ltd,India’s second-largest software services exporter,expects wage increases to hurt margins by 300 basis points in the next quarter,Rajiv Bansal,the company’s chief financial officer,said on Friday.

Earlier,the company posted a 3.7 per cent year-on-year increase in its first quarter net profit,and maintained its full-year revenue growth forecast.