Compuage Infocom Q1 total income surges 18% yoy on account of new brand partnerships

Compuage Infocom Limited has announced its unaudited Standalone and Consolidated results for the quarter ended June 30, 2021.

Q1FY22 Consolidated Financial Highlights:

Commenting on the performance, Atul Mehta, Chairman & Managing Director, said, “After witnessing strong business recovery towards the end of last financial year, Q1FY22 was a challenging quarter for the business as the operations were once again impacted on account of lockdown restrictions due to the second wave of covid-19.

Although the business recovery was slowed down temporarily, however our efforts towards new business development has led us to sign 2 new brand partnerships recently. These include distribution agreement with Alcatel-Lucent Enterprise to help them build partners on Voice, Data and Cloud Solutions for India & SAARC Market and another with SmartCard Marketing Systems (SMKG) which provides cloud services.

We believe these new brand partnerships will enable us to scale up our business in the more profitable business segments leading to better return on our capital. Going ahead, we will continue to focus on adding new brand partnerships, increase penetration into markets by tapping untapped geographies and partners, and enhance our value addition to provide value to all our stakeholders.”

Compuage Infocom was trading at Rs28.20 apiece up by Rs0.35 or 1.26% on Sensex, at around 11:50 AM.