全球科技行业_评估 H - 1B 政策变化对我们覆盖领域的影响-Global Technology_ IT Services_ Assessing the implications of the H-1B policy change on our coverage
2025-09-23 02:37
Our thoughts on the potential implications for our coverage US IT Services (Covered by James Schneider): We believe Cognizant faces the largest relative risk among our US coverage from this policy (with ~2,500 H-1B approvals in 2025 according to USCIS), implying higher incremental labor costs and margin pressure if petition levels are maintained over the next 12 months. We see minimal impact for Accenture and IBM at ~1,500 approvals each in 2025. India IT Services (Covered by Manish Adukia) India IT Service ...