US visa fee hike to cost $100-250 million for IT companies: Moody's

“The visa fee will increase their operating expenses by $100 million to $250 million, about 1% of their revenues,” Moody’s said, referring to large IT players such as Even so, “most large Indian IT services firms can absorb the higher visa costs without a significant deterioration in their operating or financial profiles,” it added, citing their “high profitability, robust financial positions and persistent skill shortages in the US.”India’s services exports have grown at a compound annual growth rate of 1 ...