HCL Infosystems Posts Rs 40.58 Cr Profit In Q1

IT agency HCL Infosystems on Friday reported a consolidated web revenue of Rs 40.58 crore for the quarter ended June 30, 2021, in opposition to a lack of Rs 36.86 crore within the year-ago interval, HCL Infosystems mentioned in a regulatory submitting.

Its consolidated income from operations decreased to Rs 27.61 crore within the quarter underneath evaluation from Rs 105.69 crore within the year-ago interval, it added.

Hardware merchandise and options enterprise accounted for Rs 24.61 crore of the income from operations throughout the June 2021 quarter, whereas distribution section contributed Rs 3 crore.

As on June 30, 2021, the Group has accrued losses and its web value has been absolutely eroded, the submitting mentioned including that the losses are primarily on account of delayed receipts on sure system integration contracts, sure historic low margin contracts, slowdown of distribution companies and finance prices.

* * * * Uber companions UNESCO to supply 1 lakh rides for vaccinating academics in TN * Ride hailing platform Uber on Friday mentioned it has partnered with UNESCO to supply rides to highschool academics in Tamil Nadu make their journey to vaccination centres simpler and safer.

‘Through this partnership with UNESCO, Uber will present 100,000 rides to 25,000 academics throughout Coimbatore, Tiruchirapalli and Chennai in Tamil Nadu,’ an announcement mentioned.

Each trainer can avail 4 rides to journey to and from the closest vaccination centre to get the 2 doses of the COVID-19 vaccine, it added.

Vaccinating academics will facilitate a faster reopening of colleges for the advantage of college students in Tamil Nadu, it mentioned. 


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