The shrinkage will come on top of the up to 3.50% shrinkage on the operating profit margin front for most IT companies in FY22
information technology | inflation | IT companies
Last Updated Jun 10, 2022 02:36 IST
Operating profit margins
for information technology companies may moderate to as low as 1.5% in the near term, as labor cost inflation resulting from high attrition hits industry players by more than $200 billion, according to a report released Thursday.
The shrinkage will add to the shrinkage of up to 3.50% on the operating profit
margin front for most IT companies in FY22, according to the report from national ratings agency Icra.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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First published: Fri 10 Jun 2022. 02:36 IST