As many as five IT service providers, Persistent Systems Ltd., Sasken Technologies Ltd., Cyient Ltd., Firstsource Solutions Ltd., and Coforge Ltd. have described the impact the ongoing H-1B visa issue will have on their financial performance.
The companies made their clarifications to the exchanges on Sunday evening. Here’s what each of them had to say:
Persistent Systems
Persistent Systems, which derives a significant amount of revenue from the US market highlighted that based on their current assessment, they do not expect any significant impact of the executive order on their operations or financials.
“We will continue to monitor the developments in this regard closely and will provide updates as appropriate,” Persistent wrote in its filing.
Sasken Technologies
Similar to Persistent, Sasken Technologies also highlighted that the order will have little or no impact on the…
