Anup Uppadhayay, a senior Infosys executive who was appointed a few months ago to work on large deals, has quit the company within days of the company declaring lower-than-estimated net profit for June 2016 quarter and downward revision of revenue guidance for the full year.
Uppadhayay was vice-president and global head of strategic sales programmes at India's second-largest IT software services company for less than three months. A long-serving employee, he had joined the company in July 1993 and rose to the ranks, according to his profile on LinkedIn. Before he assumed his latest role, he was CEO and MD of Infosys BPO for about 18 months.
Uppadhayay is the sixth senior executive to have quit Infosys ever since Vishal Sikka was appointed as CEO of the company, its first non-founder chief executive officer.
Meanwhile, Sikka has appointed Deepak Padaki to handle mergers and acquisitions, while former SAP executive Ritika Suri has been given additional responsibility to manage large deals in addition to her current role as head of the $500-million Infosys Innovation Fund, reports Business Insider.
The company has appointed Narasimha Rao Manepalli to head the Artificial Intelligence platform Mana in place of Samson David who quit days before Infosys announced its Q1 results. David was the fifth top executive to resign from the company in the last two years.
Meanwhile, shares of Infosys have recovered marginally after crashing over 8 percent last Friday, when it declared its first quarter results. On Tuesday, the stock was trading at Rs. 1,085.45, a gain of 0.45 percent over its previous close, at around 3.05 p.m. on the Bombay Stock Exchange (BSE).
The company's June 2016 quarter consolidated net profit was $511 million, marking a decline of 4.1 percent from $533 million in the March 2016 quarter. Infosys also revised its full year revenue guidance to 10.5-12 percent from 11.5-13.5 percent earlier.