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Micron Reports Revenue of $6.24 Billion in Q2 Fiscal 2021

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Micron Technology announced results for its second quarter of fiscal 2021, which ended March 4, 2021.

Fiscal Q2 2021 highlights

·         Revenue of $6.24 billion versus $5.77 billion for the prior quarter and $4.80 billion for the same period last year

·         GAAP net income of $603 million, or $0.53 per diluted share

·         Non-GAAP net income of $1.13 billion, or $0.98 per diluted share

·         Operating cash flow of $3.06 billion versus $1.97 billion for the prior quarter and $2.00 billion for the same period last year

“Micron’s strong fiscal Q2 performance reflects rapidly improving market conditions and continued solid execution,” said Micron Technology President and CEO Sanjay Mehrotra. “Our technology leadership in both DRAM and NAND places Micron in an excellent position to capitalize on the secular demand driven by AI and 5G, and to deliver new levels of user experience and innovation across the data center and intelligent edge.”

Quarterly Financial Results

Investments in capital expenditures, netwere $2.88 billion for the second quarter of 2021, which resulted in adjusted free cash flows(2) of $174 million. Micron ended the quarter with cash, marketable investments, and restricted cash of $8.57 billion, for a net cash(2) position of $1.95 billion.

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Paytm Unveils COVID-19 Vaccine Finder on Its Mini App Store

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Paytm announced the launch of COVID-19 Vaccine Finder on its Mini App store. The platform helps citizens to check the availability of vaccination slots for a specific date by individually entering different PIN codes or district details along with age group ( 18+ or 45+). In case the slots are saturated for the near future, users can select the option for real-time alerts from Paytm once any slot is free. The automated process reduces the hassle and ordeal of refreshing the platform for new slots repeatedly. The data is sourced on a real-time basis from the CoWIN API where a slot can be booked to take vaccination to protect oneself and loved ones.

The company aims to enable maximum numbers of citizens to benefit from the service, get vaccinated in a timely manner & avoid crowding at the centres. The Government of India launched the world’s largest mass vaccination drive for citizens ranging between 18 to 44 years of age from May 1, 2021, to mitigate further chaos caused by the pandemic’s second wave. The vaccination along with strategic lockdown will help flatten the curve and build the country’s herd immunity at a faster pace. The launch of the Paytm COVID-19 Vaccine finder provides relief to the end-user to some extent by curbing the hassle of checking real-time availability of slots directly via the Paytm app and getting the jab at the earliest.

Paytm spokesperson said, “We have introduced a new feature to find COVID Vaccine slots in the nearby locality and set for alerts when new slots open up. We believe that with the combined efforts of Government, organizations, and citizens, we are on the right track to recovery. Our priority is to build collective resistance to the deadly virus as a nation, thus catalyzing the process of herd immunity.”

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Paytm to Set up Oxygen Plants to Support COVID-19 Relief Efforts

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Paytm announced that Paytm Foundation will be setting up oxygen plants in 12-13 cities as hospitals across pan-India face oxygen shortage amid the tumultuous second Covid-19 wave.  These oxygen plants would be directly installed at hospitals, which would serve the oxygen needs for the entire hospital. Paytm Foundation has also sourced over 21,000 Oxygen Concentrators that would be sent to government hospitals, COVID care facilities, private hospitals, nursing homes as well as Resident Welfare Associations in the mid of May. 

Oxygen plants are devices that render possible the production of medical oxygen from ambient air while simultaneously supplying the gas to multiple beds. The company has currently raised Rs 10 crore from people across the country under its #OxygenForIndia initiative and has mirrored the donation amount making it a total contribution of Rs 20 Crore. Paytm is working in conjunction with other prominent organisations including Elevation Capital and the American Indian Foundation. The donation garnered under the initiative will be used to purchase Oxygen Concentrators and oxygen plants, costing between 50 lakh to 1 Crore each.

Paytm is currently between dialogues with the State Governments and hospitals for affirmation and approval to set up these oxygen plants; once purchased, the oxygen plants will be provided free of cost to Government hospitals by Paytm Foundation.

Paytm spokesperson Said, “Before economic growth, we need to think about the sustainability of our human forces, the people. While Oxygen Concentrators are good for short term support, we figured out that oxygen plants could provide our healthcare system with larger support. Hence, we decided to direct our donations to build oxygen plants at government hospitals for free.  We are overwhelmed at the collective effort and support citizens of the country have shown to help pacify the ordeal caused by the pandemic’s 2nd wave. We are optimistic that with the right resources and empathy for our fellow countrymen, we will not only survive this crisis but also come out stronger.”

With aim of saving a maximum number of lives, the Paytm Foundation is also supporting other start-ups, organisations and enterprises to source OCs from the international market. This will help to minimize the timeline for logistical requirements while ensuring that hospitals & other COVID care centres receive the much needed OCs sooner. The entire sourcing, regulatory approvals, and delivery will be managed by the foundation, while the other organizations only need to pay for the cost of the OCs that they will order.

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Make This Mother’s Day Memorable by Gifting Your Mom a Saregama Carvaan

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The times are uncertain and has left everyone restricted to homes. The feeling of not being able meet the loved ones can lead to loneliness and lot of metal agony. There is only limited entertainment or activities that can be done within the house leading to a constant boredom. But there is always a way to bring smile to the face of this most special person in our lives, something that brings the reel of good old days flashing in front of her eyes.  Remember those times whenyou heard your mother hymning to the romantic numbers of Mohamed Rafi, Lata Mangeshkar or the times when your mom & dad engaged in a duet singing while teasing each other? Saregama is here to help your mom relive those memories, music and magic – with Carvaan. While you might be away from home in these difficult times, this Mother’s Day provides you with the perfect reason to give her a stress buster, Saregama Carvaan.

With its seamless, uninterrupted music listening experience on a push of a button – making it easier to operate, across age groups, Carvaan, makes for an ideal present for your mother, and takes one down a trip of nostalgia in a turn of a jog-dial.

Preloaded with 5000 retro songs, the device brings together evergreen melodies from renowned artists like Lata Mangeshkar to Mohammed Rafi, Kishore Kumar amongst others. One can switch to songs based on moods like happy, romantic, sad, etc., or categories like spiritual, Sufi, Film Instrumental, and more. Saregama Carvaan also offers an entire volume of iconic ‘Geetmala’ By Ameen Sayani while also allowing one to enjoy their personal collection of songs by plugging in a USB drive or phone via Bluetooth. That’s not all, Carvaan also boasts of an array of podcast offerings spread across a variety of genres like Meditation, Sleep Sounds, Sadguru, Ramayan, Bhagwad Geeta and 280+ such podacasts  . 

Order Carvaan from Saregama.com, Amazon.in, or Flipkart.com for your mother, and it will be delivered to the doorstep.

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