However, IT companies like Mphasis, Cyient, Coforge issued their clarifications on Sunday evening, describing their impact of ongoing H1-B visa fee on financial performance.
Mphasis
In an exchange filing late, Mphasis clarified that the development is unlikely to have any material effect on its financials or operations, citing its relatively low volume of H-1B applications and the small proportion of its U.S. workforce holding such visas.
“ Our focus on AI led deals has helped us build sufficient system resiliency. Over the years, we have been steadily reducing our reliance on visas through increased local hiring, acquisitions, and partnerships,” the company said in the filing.
Cyient
The IT services firm also clarified that the order will not have any material effect on its financial performance for FY26 or in the near term.
Coforge
In an exchange filing, Coforge disclosed that the United States accounted for 53% of its total revenue in FY25.
“Over the years, Coforge has consciously reduced reliance on the new H-1B petitions for project staffing, reflecting in the low number of fresh petitions filed,” the company said.
Firstsource Solutions
The RPSG Group company emphasized that it has “zero reliance” on the H-1B program for its business operations.
Firstsource further noted that the program will not affect its operations or financials, as it prioritizes robust local hiring and operates through a globally distributed delivery model, independent of immigration policies.
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