Infosys, the second-largest IT services provider in India, announced that its Chief Financial Officer (CFO), Nilanjan Roy, has resigned.

Jayesh Sanghrajka, an insider at Infosys, will take over as the new CFO from April 1, 2024. Roy, who served as CFO since March 2019, decided to step down for personal reasons.

This change comes amid a series of top-level exits at Infosys and challenges in the Indian IT industry due to subdued demand in a tough economic environment.

The company has revised its annual revenue forecast twice recently, facing slower growth.

The stock price dropped 2.2% to $17.50 after the news. (Source: Reuters.)

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