| 08:31 EDT |  | INFY | Infosys pay increases likely to pressure Q2 EPS, says Wells Fargo
After Infosys announced an approximately 8% pay raise for India-based employees and an approximately 3% raise for some non-India based employees, Wells Fargo notes that the company's EPS is usually down year-over-year after it announces pay increases. The Street currently expects EPS to be flat in Q2, notes the firm, which keeps a Market Perform rating on the stock. |
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