Dec 19, 2013, 07.03 PM IST
Fondly referred to as Subu, Goparaju had been at Infosys since 25 years and was currently serving as the Head of Infosys Labs, responsible for the company's research and development facilities and IP cell.
Tags Infosys, Subrahmanyam Goparaju, Head of Labs, research, Stephen Pratt
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Infosys Exodus: Head of Labs Subrahmanyam Goparaju resigns
Fondly referred to as Subu, Goparaju had been at Infosys since 25 years and was currently serving as the Head of Infosys Labs, responsible for the company's research and development facilities and IP cell.
Like this story, share it with millions of investors on M3
Infosys Exodus: Head of Labs Subrahmanyam Goparaju resigns
Fondly referred to as Subu, Goparaju had been at Infosys since 25 years and was currently serving as the Head of Infosys Labs, responsible for the company's research and development facilities and IP cell.
Fondly referred to as Subu, Goparaju had been at Infosys since 25 years and was currently serving as the Head of Infosys Labs, responsible for the company's research and development facilities and IP cell.
While there is no clarity on the reason for his exit, Infosys has confirmed his departure. In its response to CNBC-TV18, Infosys said, "Subrahmanyam (Subu) Goparaju, Senior Vice President and Head of Infosys Labs has decided to leave the company. His last day with Infosys will be December 27, 2013. Subu has been with Infosys for 25 years. We would like to thank Subu for his contribution and leadership, especially in building Infosys Labs"
What is interesting is that after Subu's exit, Infosys has split the functioning of its R&D arm. A spokesperson from Infosys said, "Savio D'Souza, will manage Infosys Labs' Service Differentiation Platforms group and Dr Anindya Sircar will manage the IP Cell. Both, Savio and Dr. Sircar will report to Chandrashekar Kakal. Prasad Joshi will lead the Technology Centre of Excellence and report to Pravin Rao."
This is the seventh senior exit in 6 months.
Infosys stock price
On December 19, 2013, Infosys closed at Rs 3514.45, up Rs 56.65, or 1.64 percent. The 52-week high of the share was Rs 3540.00 and the 52-week low was Rs 2190.00.
The company's trailing 12-month (TTM) EPS was at Rs 159.27 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 22.07. The latest book value of the company is Rs 627.95 per share. At current value, the price-to-book value of the company is 5.60.
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