Quarterly Result

Quarterly Report For The Financial Period Ended 31 March 2024

Financials Archive

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Unaudited Condensed Consolidated Statements Of Profit Or Loss And Other Comprehensive Income
For The Quarter Ended 31 March 2024

Unaudited Condensed Consolidated Statement Of Financial Position As At 31 March 2024

Operating Segments Review

Comparison With Immediate Preceding Quarter's Results

Prospects For The Financial Year Ending 30 June 2024

For YTD Q3 FY2024, the Group achieved a profit after taxation of RM3.1 million, marking a notable turnaround from the RM6.4 million loss in the corresponding period last year. This marks the fourth consecutive quarterly profits attained, building from the previous results of Q4 FY2023, Q1 FY2024 and Q2 FY2024. This achievement underscores the continuous advancements from our ongoing transformation plan formulated in 2021, centered around our key offerings of Cloud-Based Software Solutions, Platform as a Service, Infrastructure as a Service, Talent as a Service, and System Integration.

Our Software & Services segment has established a strong presence and position as the premier partner with MSP status for Google Cloud in Malaysia under the government's Cloud Framework Agreement (CFA) to bolster the government's digital transformation plan. To provide a wider spectrum of Cloud solutions and services, we have developed our capabilities in analytics, cloud migration, big data, artificial intelligence and business transformation via ERP to drive future growth.

The Group has recorded a strong growth in revenue for both Software & Services and Talent segments in YTD Q3 FY24. The Board and Management are confident and optimistic of the Group's FY2024 performance and its ongoing viability and sustainability. We remain focused on strengthening our synergistic offerings in driving growth for the Group.