Noida-based IT company, Coforge announced gifting Apple iPad to its more than 21000 employees on surpasses 1 billion in revenue.
Coforge is a global digital services and solutions provider, that enables its clients to transform at the intersection of domain expertise and emerging technologies to achieve real-world business impact.
Sudhir Singh, CEO of Coforge said to the press “We believe that our performance during the quarter was marked by two key achievements. The first was a quarterly sequential US$ growth of 5 percent. The second major landmark has been the firm crossing the $1 billion revenue mark. Our performance heading into FY24 sets us up well to deliver robust growth.
Coforge’s gross revenue went up by 24.5 percent from Rs 1,742 crore in Q4FY22 to Rs 2,170 crore in Q4 ended March 31. The IT firm’s net profit in Q4 went down 48.08 percent to Rs 116.7 crore from Rs 224.8 crore in the same period last year.
This will cost around 80 crores for the company to give the Apple iPad to more than 21000 employees. The steps like this really help in the retention of employees as employees feel more motivated.
This announcement of Coforge shocked everyone during the hard time when many companies are laying off huge numbers of employees.
Here are the reactions of people to this news.