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Apple iPad: Just imagine, your company gifts all its employees Apple iPads after announcing great financial results! This news is not a dream or a hoax, but hundred annas is completely true. You must have been a little jealous after reading this news. In fact, IT sector company Coforge Ltd has announced to give Apple iPad to all its more than 21,000 employees.
Why is the company giving iPad
Coforge has announced the results of the fourth quarter of the financial year 2022-23 on the morning of Thursday, 27 April. The results of the company have been excellent. But the biggest achievement for the company was that in 2022-23 the company’s revenue crossed the one billion dollar mark. To celebrate this milestone with its employees, the company has announced to give Apple iPads to all its more than 21,000 employees.
Koforge CEO Sudhir Singh said that we believe that we have achieved two achievements in this quarter. Firstly, in dollar terms, we have achieved growth at the rate of 5 per cent. And the second landmark was that the company has achieved one billion dollar revenue. And with this performance, we will do better in 2023-24 as well.
Rs 46.50 crore will be spent
It will cost Koforge Rs 46.50 crore to provide iPads to more than 21000 employees. The company said that on achieving the milestone in the financial year, a provision of this amount has been made for non-monitory incentive to the employees. Coforge is a big name in mid cap IT companies. Coforge’s stock closed at Rs 2051 on Thursday with a gain of 2.73 per cent. At the same time, the company has given a multibagger return of 260 per cent in 3 years. Although the stock has performed poorly in the last one year and this is the condition of IT sector companies.
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