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Infosys states no material impact from US Department of Labor suspension of green card applications

TIKR ·

INFY Infosys Ltd ADR
$12.13 +5.66%
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  1. 1Infosys stated there will be no material impact from the US Department of Labor's suspension of green card applications.
  2. 2North American revenue accounted for 56% of Infosys revenue for fiscal year 2026 (ending March).
  3. 3Infosys said it welcomes the opportunity to cooperate with inquiries from the Department of Labor and related agencies.

So what's the key point?

Infosys said there will be no major issues despite the US Department of Labor temporarily pausing green card applications. Since North American revenue makes up 56% of total revenue, the impact on the company is expected to be small.

Source TIKR · View original ↗

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