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INDIAN (B)

Infosys cutting costs to contain drop in margin

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Infosys revenue growth was impressive in the first quarter, but the successive quarterly margin drops are becoming a concern for the company. The company is taking a number of measures to contain the fall, many of them cost-cutting ones. Salary hikes to senior employees have been postponed. Title holders have not been given their annual bonus of $25,000-35,000.



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