Group 1: Infosys Performance - Infosys shares increased by 5.3% in the last trading session, closing at $19.18, with notable trading volume [1] - The stock has also gained 5.3% over the past four weeks, driven by positive sentiment from rival Accenture's strong earnings [1] - The consensus EPS estimate for Infosys for the upcoming quarter is $0.20, reflecting a year-over-year increase of 5.3%, with expected revenues of $5.09 billion, up 3.1% from the previous year [2] Group 2: Earnings Estimates and Trends - The consensus EPS estimate for Infosys has remained unchanged over the last 30 days, indicating a lack of upward momentum in earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] - The performance of ASGN Inc, another company in the same industry, shows a 20.5% return in the past month, indicating potential strength in the IT services sector [3]

Core Points - The Trump administration's $100,000 fee for new H-1B workers from outside the US is expected to significantly impact the IT outsourcing and staffing industries, which have been targets for both political parties [1] - Multinational staffing firms, such as Tata Consultancy Services, Infosys, and Cognizant, will be disproportionately affected, with nearly 90% of new H-1B hires at these companies approved at US consulates [2] - The fee could lead to a steep decline in visa demand and an increase in the placement of workers overseas, as companies adjust their hiring strategies in response [4][10] Industry Impact - The fee will impose substantial costs on major IT firms, with Infosys facing over $1 billion in visa charges for more than 10,400 workers, Tata for 6,500 workers, and Cognizant for over 5,600 workers [3] - The IT consulting industry has already reduced new H-1B applications since 2024, and the new fee is likely to accelerate the trend of offshoring jobs [10] - Companies are expected to increase investments in countries like India, which is a primary source of H-1B workers, to access talent more cost-effectively [10] Hiring Strategies - Many employers are proactively adjusting their hiring plans in anticipation of the fee, with some planning to opt out of registering workers who would require visa processing at consulates [14] - The upcoming visa lottery in April will serve as an early indicator of how the fee and proposed lottery changes will affect the skill and wage levels of applicants [13] - The combination of the $100,000 fee and potential lottery reforms could reduce entries in the next lottery by 30% to 50%, reshaping market behavior regarding H-1B applications [15]

Core Insights - The Trump administration's $100,000 fee for new H-1B workers could significantly impact the IT outsourcing and staffing industries, which have been targets for both political parties [1][2] - The fee represents the most substantial restriction on the employment of skilled foreign workers imposed by the Trump administration to date [1] Impact on Multinational Staffing Firms - The fee is expected to disproportionately affect multinational staffing firms that facilitate the hiring of H-1B workers, including Tata Consultancy Services, Infosys, and Cognizant Technology Solutions [2] - Nearly 90% of new H-1B hires at these firms from May 2020 to May 2024 were approved at US consulates, indicating a significant financial burden if the fee were applied [2] Financial Implications for Specific Companies - Infosys would face over $1 billion in visa charges, as more than 93% of its new H-1B hires (over 10,400 workers) would incur the $100,000 fee [3] - Tata Consultancy Services would be liable for the fee for 6,500 workers, representing 82% of newly approved H-1B workers [3] - Cognizant Technology Solutions would encounter the fee for more than 5,600 employees, or 89% of its new H-1B hires [3] Industry Response and Future Outlook - Legal challenges may temporarily block the fee, but industry experts anticipate a significant decline in visa demand and an increase in overseas placements [4] - Some firms, like Cognizant, report that the fee will have limited short-term impact on their operations due to a reduced reliance on visas for staffing [5] - Large tech and IT firms have historically dominated the H-1B program, claiming most of the 85,000 visa slots available annually [5]

President Donald Trump’s $100,000 price tag for new H-1B workers hired from outside the US will have punishing effects for the IT outsourcing and staffing industries that have long been a target of both parties.The fee is the biggest restriction the Trump administration has imposed so far on employment of skilled foreign workers.A Bloomberg News analysis found it will have a disproportionate impact on multinational staffing firms that act as middlemen for companies seeking H-1B workers. Those middlemen incl ...

Core Insights - The Trump administration's new $100,000 fee for H-1B workers hired from outside the US is expected to significantly impact the IT outsourcing and staffing industries, which have been targets for both political parties [1][2] - The fee is the largest restriction imposed on the employment of skilled foreign workers to date, leading to potential increases in costs for multinational staffing firms [2][3] Impact on Staffing Firms - Multinational staffing firms like Tata Consultancy Services, Infosys, and Cognizant are likely to be disproportionately affected, with nearly 90% of new H-1B hires at these companies approved at US consulates between May 2020 and May 2024 [2][3] - Infosys alone would face over $1 billion in visa charges due to the fee affecting more than 10,400 workers, while TCS and Cognizant would incur fees for 6,500 and 5,600 workers respectively [3] Changes in Visa Demand - Industry experts anticipate a steep decline in visa demand and a shift towards placing more workers overseas, regardless of potential legal challenges to the fee [4][9] - The IT consulting industry has already reduced new H-1B applications since 2024, and the fee is expected to accelerate this trend [9][10] Legislative Context - Both Republican and Democratic lawmakers have criticized the H-1B program, suggesting it serves as a low-cost alternative to American workers, despite H-1B employees being required to receive a prevailing wage [5][6] - The fee is seen as a measure to discourage companies from exploiting the system and to provide more certainty for American businesses seeking high-skilled workers [8][15] Future Hiring Strategies - Companies are likely to adapt their hiring strategies in response to the fee, with some major H-1B employers considering opting out of registering workers who require visa processing at consulates [14] - Projections indicate that the combination of the fee and a proposed lottery overhaul could reduce entries in the next lottery by 30% to 50% [15]

（来源：紫竹快讯） 印孚瑟斯中国自豪地宣布，我们荣膺 Great Place To Work™ 评选的 2025 年大中华区Best Workplaces™ 之一。 （来源：紫竹快讯） 这项殊荣彰显了我们坚定不移的承诺，即致力于打造让所有员工都感到被重视、受尊重并能够获得充分赋能与发展的职场文化。此次获奖使我们跻身于行 业内职场文化建设的先锋行列，成为引领卓越职场的标杆企业，突显了我们致力于推行惠及所有员工的举措。通过庆祝这一成就，我们坚定了作为培育激 发成长、协作和成功职场环境的引导者角色，同时强化了我们的信念：卓越职场建立在包容、信任和共同目标之上。 大中华区Best Workplaces™ 榜单由Great Place To Work™ 每年发布，旨在表彰那些注重包容性、信任度和员工幸福感的企业。印孚瑟斯中国凭借员工对我 们企业文化的高度评价、包容性实践以及为所有员工成长和成功提供支持的承诺而获此殊荣。 本年度榜单共收集了87,147份有效反馈，共有66家企业上榜；榜单按小型、中型和大型企业类别划分，平均得分高达92.9%。能够跻身这些杰出组织之 列，突显了我们致力于培育尊重、赋能与协作文化的承诺，并巩 ...

Core Insights - Microsoft has formed partnerships with four major Indian IT companies—Cognizant, Infosys, TCS, and Wipro—to accelerate the adoption of agentic AI [1][3] - These companies will collectively deploy over 200,000 Microsoft Copilot licenses, marking a significant milestone in enterprise-scale AI adoption [2] - Microsoft plans to invest $17.5 billion in cloud and AI infrastructure in India from 2026 to 2029 [2] Microsoft-India Alliance - The collaboration aims to embed AI into core operations, transforming how organizations operate and innovate [3] - Companies are becoming Frontier Firms by redesigning workflows around human-agent collaboration, impacting various functions such as delivery, sales, finance, HR, and customer engagement [3][5] Cognizant's Role - Cognizant is expanding its partnership with Microsoft to make GenAI and Copilots available to millions, enhancing enterprise operations and employee experiences [7] - As "client zero" for Copilot, Cognizant aims to refine AI solutions for greater value and innovation [7] Infosys Initiatives - Infosys is implementing one of the largest Copilot deployments, enhancing productivity and decision-making through AI integration [9] - The collaboration with Microsoft is strategic, shifting Infosys to a human+ agent powered AI-first enterprise [11] TCS Developments - TCS is transforming its Sales, HR, and Finance functions through AI, providing personalized AI coaching to all employees [12] - The partnership with Microsoft supports the digitization of processes and autogeneration of code [12] Wipro's Strategy - Wipro is launching the Microsoft Innovation Hub to advance its Frontier Firm ambition, deploying over 50,000 Copilot licenses [13] - The collaboration focuses on embedding agentic AI across workflows to enhance customer experience and productivity [13][14]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score emphasizes a company's financial health and future growth potential [4] - Momentum Score focuses on stocks with upward or downward price trends [5] - VGM Score combines all three styles to provide a comprehensive assessment of stocks [6] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist in stock selection [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500 with an average annual return of +23.93% since 1988 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [9] Stock Example: Infosys (INFY) - Infosys is currently rated 3 (Hold) with a VGM Score of B and a Momentum Style Score of B, having increased by 4.4% in the last four weeks [11] - Recent upward revisions in earnings estimates for fiscal 2026 have raised the Zacks Consensus Estimate by $0.03 to $0.80 per share, with an average earnings surprise of +1.3% [12] - Given its solid Zacks Rank and favorable Style Scores, Infosys is recommended for investors' consideration [12]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are significant, with data centers consuming as much energy as small cities, leading to concerns about power grid capacity and rising electricity prices [2][3] Investment Opportunity - A specific company is highlighted as a critical player in the AI energy sector, owning essential energy infrastructure assets that are poised to benefit from the increasing energy demands of AI [3][7] - This company is not a chipmaker or cloud platform but is positioned as a "toll booth" operator in the AI energy boom, collecting fees from energy exports [5][6] Financial Position - The company is noted for being debt-free and holding a substantial cash reserve, amounting to nearly one-third of its market capitalization, which provides a strong financial foundation [8] - It is trading at less than 7 times earnings, making it an attractive investment compared to other firms in the energy and utility sectors [10] Market Trends - The company is well-positioned to capitalize on the onshoring trend driven by tariffs, as well as the surge in U.S. LNG exports under the current administration's energy policies [14][5] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, further solidifying the importance of investing in AI-related companies [12] Future Outlook - The company is involved in nuclear energy infrastructure, which is seen as a key component of America's future power strategy, particularly in the context of clean and reliable energy [7][14] - The potential for significant returns is emphasized, with projections suggesting a possible 100% return within 12 to 24 months for investors who act now [15]

Core Insights - Infosys Ltd is the only major IT services company that has increased its US lobbying expenditure over the past five years, while competitors like Tata Consultancy Services (TCS), Cognizant, and Wipro have reduced their spending [1][19] - The US government, which constitutes a significant portion of revenue for these companies, has tightened labor mobility and restricted access to foreign workers, prompting a shift in lobbying strategies [2][19] Lobbying Expenditure - Infosys spent $270,000 on lobbying in the first nine months of the year, an increase from $240,000 in 2020 [2] - In contrast, TCS and Cognizant reported declines in lobbying expenditures, spending $670,000 and $1.7 million respectively in the first nine months of 2025, down from $750,000 and $3.15 million in 2020 [3] - Wipro's lobbying costs decreased from $210,000 in 2020 to $90,000 in 2022, and it has not engaged lobbying services since then [3] Industry Trends - The overall lobbying spending by major Indian IT firms, including Nasscom, has been declining since 2020, with Nasscom spending less than one-tenth of its 2020 expenditure of $700,000 in the first nine months of 2025 [4][5] - Collectively, the largest IT services companies and Nasscom spent $2.7 million on lobbying, which is less than 1% of their revenue and significantly lower than the $5.05 million spent in 2020 [6] Strategic Shifts - The decline in lobbying costs is attributed to an increase in local hiring and a shift towards offshore delivery and AI utilization, reducing dependency on large onshore workforces [11] - The political climate has changed, making lobbying less effective, leading firms to focus on structural changes rather than political influence [12] Key Issues in Lobbying - H-1B visa regulations remain a central lobbying focus for the top three IT service providers, with TCS and Cognizant highlighting immigration-related issues in their lobbying reports [13][14] - Recent changes in H-1B application fees and scrutiny over hiring practices have intensified the need for lobbying among these firms [15][16][17] Conclusion - Infosys stands out for increasing its lobbying efforts amidst a general decline in political spending by its peers, reflecting a strategic pivot in response to stricter US labor mobility rules and a focus on local hiring and AI-driven models [19]