Coforge Plans Aggressive Hiring Surge
Coforge, an IT firm, aims to double its personnel in order to continue its aggressive growth. Despite macroeconomic problems, the company predicts strong growth and a big increase in margins in the coming quarter.
According to its Q3 figures, the company's current staff count is 24,607, which is slightly lower than the previous quarter's count of 24,638. Despite the reduction, the company's attrition rate is currently at 12 per cent, down 90 basis points year on year, and remains one of the lowest in the IT business.
Furthermore, the company remains firm with initiatives such as digital retailing for airports, ensuring the viability of its airlines and airports businesses. The company also stated that its primary focus will continue on driving growth in banking, insurance, healthcare and travel.
When it comes to the materialisation of its AI projects, the company's previous quarter saw a move from just talks to genuine revenue-generating proof of concepts and engagements.
