Infosys likely to cut forecasts on US visa woes

NEW DELHI: InfosysBSE 1.03 % may cut its annual sales forecast as

concern that proposed US immigration legislation could impose visa

restrictions prompts clients to delay outsourcing contracts.



Infosys is expected to forecast sales in dollar terms will increase as

much as 7.5% in the 12 months ending March 31, from its earlier

projection for as much as 10% growth, according to the median of 10

analysts in a Bloomberg News survey.



The Bangalore-based company will report first-quarter earnings on

Friday. Co-founder NR Narayana Murthy, who returned as executive

chairman last month to help revive growth, said June 15 that sales

recovery may be painful and take at least 36 months.