financetom
Business
financetom
/
Business
/
Chennai firm gifts cars to 100 employees for contribution towards company's growth
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chennai firm gifts cars to 100 employees for contribution towards company's growth
Apr 11, 2022 12:02 PM

A Chennai-headquartered IT firm on Monday gifted 100 cars to as many of its employees in recognition of their constant support and 'unparalleled' contributions to the company's success and growth.

Share Market Live

NSE

Gayathri Vivekanandan, Chief Executive Officer of Ideas2IT, gifted Maruti Suzuki cars to 100 employees in the presence of Murali Vivekanandan, founder-chairman of the firm at the mega wealth-sharing event, a company release said.

"Ideas2IT, a high-end product engineering firm headquartered in Chennai, today felicitated its employees by gifting 100 cars for 100 employees for their constant support and unparalleled contribution to the company's success and growth," it said.

Also Read:

ICRA expects stable outlook for office, retail real estate segments

Founded in 2009 with six handpicked engineers, Ideas2IT currently has more than 500 technologists located at multiple locations including the USA, Mexico, and India, it said. "The company delivers cutting-edge software projects to fortune companies like Facebook, Bloomberg, Microsoft, Oracle, Motorola, Roche, Medtronic and many more," the release added.

"Considering this steady growth streak enabled by its employees, Ideas2IT has implemented a unique wealth-sharing initiative. Awarding these cars is just the first step. Ideas2IT plans to roll out more such initiatives in the near future," Gayathri Vivekanandan said.

Also Read: MG Motor India to invest Rs 4,000 crore for a second manufacturing plant

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Guild Q4 Adjusted Earnings, Revenue Rise; Extends Share Repurchase Program
Guild Q4 Adjusted Earnings, Revenue Rise; Extends Share Repurchase Program
Mar 6, 2025
04:24 PM EST, 03/06/2025 (MT Newswires) -- Guild (GHLD) reported Q4 adjusted diluted earnings Thursday of $0.32 per share, up from $0.20 a year earlier. Analysts polled by FactSet expected $0.34. Revenue for the quarter ended Dec. 31 was $373 million, up from $57.2 million a year earlier. Analysts surveyed by FactSet expected $303.2 million. Meanwhile, the company's board declared...
Broadcom forecasts second-quarter revenue above estimates
Broadcom forecasts second-quarter revenue above estimates
Mar 6, 2025
(Reuters) - Broadcom ( AVGO ) forecast second-quarter revenue above Wall Street expectations on Thursday, bolstered by strong demand for its custom artificial intelligence chips from companies looking to process big data. The company expects revenue of around $14.9 billion, compared with estimates of $14.76 billion, according to data compiled by LSEG. (Reporting by Zaheer Kachwala in Bengaluru; Editing by...
Costco beats quarterly sales estimates on bulk buying surge
Costco beats quarterly sales estimates on bulk buying surge
Mar 6, 2025
(Reuters) - Costco Wholesale ( COST ) beat Wall Street expectations for second-quarter revenue on Thursday, as its members shopped more goods, including groceries, home furnishings and electronics, in bulk from its retail outlets amid rising living costs. The company's quarterly revenue rose 9% to $63.72 billion, compared with analysts' average expectations of $63.13 billion according to data compiled by...
American Public Education Q4 Earnings Decrease, Revenue Rises
American Public Education Q4 Earnings Decrease, Revenue Rises
Mar 6, 2025
04:21 PM EST, 03/06/2025 (MT Newswires) -- American Public Education ( APEI ) reported Q4 earnings Thursday of $0.63 per diluted share, down from $0.64 a year earlier. Three analysts polled by FactSet expected $0.54. Revenue for the quarter ended Dec. 31 was $164.1 million, up from $152.8 million a year earlier. Three analysts surveyed by FactSet expected $161.7 million....
Copyright 2023-2026 - www.financetom.com All Rights Reserved