# Infosys Wipro ADRs Drop 3% Post TCS Earnings

> Infosys and Wipro ADRs fall nearly 3% after TCS earnings and US immigration crackdown.
- Title: Infosys Wipro ADRs Drop 3% Post TCS Earnings | Shortify
- Summary: Infosys and Wipro ADRs fall nearly 3% after TCS earnings and US immigration crackdown. Infosys and Wipro ADRs dropped 2.8% and 2.5% respectively following…
- Keywords: infosys, wipro, tata consultancy services, us immigration, perm programme, h-1b green card, it services, money, business, ADRs, Drop, Post
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/infosys-wipro-adrs-fall-nearly-3-after-tcs-earnings-us-crackdown-on-h-1b-linked-green-card-programme/articleshow/134794915.cms
- Author: Akash Podishetti
- Published: 2026-10-08T15:57:00+00:00
- Read time: 1 min
- Topics: infosys, wipro, tata consultancy services, us immigration, perm programme, h-1b green card, it services, money, business
## Infosys and Wipro ADRs decline
American Depository Receipts of Infosys and Wipro fell nearly 3% in US trading on Thursday.
## TCS reports strong earnings
Tata Consultancy Services reported a 15% year-on-year rise in net profit to Rs 13,884 crore for September quarter.
## US suspends tech firms from PERM
US government suspended Microsoft, Adobe, and Indian IT firms from Permanent Labour Certification programme.
## H-1B green card concerns
US crackdown on H-1B-linked green cards raises fears for Indian IT companies reliant on US market.
## TCS shows AI growth
TCS reported $3.1 billion annualised AI revenue, crossing 10% of total revenue.
## US immigration policy shift
US administration tightens scrutiny of foreign worker immigration programmes to prioritize American employment.
## Key takeaway

Infosys and Wipro ADRs dropped 2.8% and 2.5% respectively following TCS's September earnings and new US restrictions on H-1B-linked green cards.