The News Caravan

Tag: iPads

  • This firm gifts iPads to over 21K employees to celebrate $1 bn revenue mark

    This firm gifts iPads to over 21K employees to celebrate $1 bn revenue mark

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    New Delhi: Global IT solutions provider Coforge (formerly NIIT Technologies) surpassed $1 billion (over Rs 8,014 crore) in revenue in FY23, registering PAT at Rs 8,117 million (Rs 811 crore), up 22.7 per cent (on-year), it announced on Thursday.

    The company also announced to gift an Apple iPad to each of its more than 21,000 employees to celebrate the milestone.

    The revenue for the March quarter (Q4 FY23) was $264.4 million (Rs 2,170 crore), with PAT at Rs 232 crore for the January-March period.

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    “We believe that our performance during the quarter was marked by two key achievements. The first was a quarterly sequential US$ growth of 5 per cent. The second major landmark has been the firm crossing the $1 billion revenue mark. Our performance heading in to FY24 sets us up well to deliver robust growth,” said Sudhir Singh, CEO, Coforge.

    For FY24, the firm issued an annual revenue growth guidance of 13-16 per cent in constant currency terms, expects a gross margin increase of about 50 bps and adjusted EBITDA margin to be at similar levels as FY23.

    The Board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be May 9, 2023.

    Coforge leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The firm has a presence in 21 countries with 25 delivery centers across nine countries.

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    ( With inputs from www.siasat.com )

  • MP: Congress opposes move to go digital in Assembly; returns iPads

    MP: Congress opposes move to go digital in Assembly; returns iPads

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    Bhopal: The opposition Congress in Madhya Pradesh on Thursday opposed the introduction of a digitalised system in the Assembly during the ongoing Budget Session with all legislators being provided iPads, citing various reasons.

    Senior Congress leaders including the party’s Madhya Pradesh unit chief Kamal Nath and Leader of Opposition Govind Singh have returned their iPads to the Speaker Girish Gautam.

    This led to an exchange of barbs between the ruling BJP and the opposition Congress during the session.

    Former Madhya Pradesh Chief Minister Kamal Nath said the decision to distribute iPads to MLAs was against the tradition of Madhya Pradesh Assembly, adding he would not require an iPad, while stating that “these iPads are assembled in China”.

    Govind Singh has accused the ruling BJP of using a ‘China-made’ iPad.

    “Several Indian soldiers sacrificed their lives in Galwan Valley. These iPads given to MLAs are China-made… and therefore, we are opposing it,” Singh said, accusing the BJP of being double-standard in the name of nationalism.

    The Congress leader also said the use of a China-assembled iPad may pave the way for ‘data stealing’.

    Meanwhile, Madhya Pradesh Home Minister Narottam Mishra, who is also the Parliamentary Affairs Minister, defended the government’s decision.

    “These iPads are not China-made, and assembling means that products are assembled in many places,” he said.

    In response, LoP Govind Singh demanded open voting in the Assembly, claiming that many BJP leaders would also return these iPads.

    On March 1, the BJP-led Madhya Pradesh government tabled its first paperless annual budget for 2023-2024, and each MLA was also provided an iPad.

    The process of introducing digital systems in the Madhya Pradesh Assembly started nearly one and a half years ago, and for this purpose, a team led by Speaker Girish Gautam visited nearly six states where digital systems were already introduced.

    After taking cues from different states, the Speaker had sent a recommendation to the Madhya Pradesh government for allocation of the budget to purchase iPads.

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    ( With inputs from www.siasat.com )