Infosys Sees Subcontracting Costs Going Up a Notch Higher in June Quarter

Infosys saw its subcontracting costs going up a notch higher in the April-June period as the focus on driving more digital revenues required the firm to deploy more people at onsite locations, adding on to the costs.

The subcontracting costs of the company in the quarter stood at Rs 12.9 billion, a growth of 17 per cent over the previous quarter. Infosys attributed this rise to non-availability of enough resources at client sites due to short-term visa challenges. – Business Standard