'US visa rules to hit IT cos' profits in FY20'

Profitability of IT companies is set to be impacted by adverse policies like the one on H-1B visas in the key US market, with margins estimated to narrow by up to 0.8% in 2019-20, a report said. Ever since the US govt tightened its H-1B visa policy in 2017, challenges have mounted for the sector as Indian-origin employees were the largest consumers of H-1B visas.

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