Infosys Executive Vice-President Hemant Lamba has announced his resignation from the company. He was also the global head of strategic sales at Infosys. Lamba has worked with Infosys for over seven years, as he joined the IT major in December 2016 as the senior vice-president.
The Bengaluru-headquartered IT services firm informed about the resignation of the Senior Management Personnel in a statutory filing.
What Infosys Said
In a BSE filing, Infosys said, “This is to inform that Hemant Lamba, Senior Management Personnel, has resigned from the services of the company.”
What Hemant Lamba Told CEO Salil Parekh in Resignation Letter
In his resignation letter marked to Infosys CEO Salil Parekh, Lamba wrote: “I am writing to inform you of my decision to resign from the services of Infosys. I am thankful for the opportunity and experiences I have had over the years”.
Hemant Lamba’s Resignation Letter
This was Hemant Lamba’s second stint at the company. He had joined Infosys in 2009 as its Associate Vice-President (Banking & Capital Markets- Europe).
Infosys will announce its Q1 FY25 financial earnings next week, on July 18.
According to Motilal Oswal, Infosys is expected to see a rebound in revenue growth to 2.0 per cent QoQ CC, on account of ramp-up of large deals won in FY24. Motilal Oswal expects the deal TCV to be robust in Q1; however, deals should be skewed towards the cost-takeout initiatives.
The operating margin for Infosys in Q1 is expected to increase by 30 basis points, supported by growth momentum and the absence of wage hikes. Infosys’ operating margin is likely to reach 20.4%. The company is also likely to maintain its growth guidance of 1-3% in constant currency for FY25, according to Motilal Oswal.
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