IT companies like Mphasis, Cyient, Coforge issued their clarifications on Sunday evening, describing their impact of ongoing H1-B visa fee on financial performance.

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.

" 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.

"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 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.