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Apr 15 2008 1:09PM
India Infosys: wage rise to impact June qtr margins

BANGALORE, April 15 (Reuters) - Infosys Technologies Ltd <INFY.BO> <INFY.O>, India's No.2 software services exporter, expects wage increases to impact profit margins by 2.3 percent in the June quarter, its chief financial officer said on Tuesday.

Costs of processing visas will impact margins by 80 basis points in the April-June quarter, V. Balakrishnan told reporters.

Infosys earlier said net profit for the fiscal fourth quarter ended March rose 9.6 percent to 12.50 billion rupees ($313 million) from 11.4 billion a year ago. For details, double-click [ID:nBOM124110] ($1=40 rupees) (Reporting by Sumeet Chatterjee; Editing by John Mair) (([email protected]; +91 22 6636 9251; Reuters Messaging: [email protected]))

Keywords: INFOSYS/RESULTS WAGES

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