According to Shibulal, the company was not looking at a wage hike immediately and would consider the same towards the middle of the year, when things become more certain.
Elaborating on the locals hired in the US, he said, “We have 1200 locals hired there. We believe the company is in the right direction,” he stated.
Infosys Technologies has added 52 new clients one of the highest recently. In a difficult year, the company has managed to ensure that its pricing was up 4.7%.
The Infosys Technologies stock failed to recover despite management comments and was trading lower by a staggering 9% at Rs 2511.