In a bid to move forward with aggressive growth, Coforge, an IT firm, plans to boost its headcount. Despite the macro-economic challenges, the company anticipates a robust growth, and significant spike in margins in the next quarter.
As per its Q3 results, the current employee count of the company stands at 24,607, which is marginally lower than its last quarter count of 24, 638.
Despite the reduction, the company’s attrition rate is currently at 12 per cent, exhibiting a year-on-year drop of 90 basis points and continues to be one of the lowest in the IT industry.
Additionally, the company stands strong with its initiatives such as digital retailing for airports, keeping its airlines and airports business in robust condition. The company also said that its core focus will remain on ensuring growth in banking, insurance, healthcare and travel.
Talking about the materialisation of its AI projects, company’s last quarter marked a shift from just conversations to actual revenue generating proof of concepts and engagements.
Coforge, formerly known as NIIT Technologies, is a global IT services and solutions company. Headquartered in India, it offers a wide range of services, including application development and maintenance, infrastructure management, business process outsourcing, and digital transformation.
The company serves clients across various industries, such as banking, financial services, insurance, travel and healthcare. With a focus on innovation and technology, it provides customised solutions to help clients enhance their business processes and stay competitive in the rapidly- evolving digital landscape.