Silverlake Axis (SG:5CP) has released an update.
Silverlake Axis Ltd. showcased robust performance in the first nine months of FY2024, with a 6% increase in revenue to RM596.6 million, driven by substantial growth in software project services and maintenance services. Recurring revenue streams, constituting 75% of total revenue, surged 8% to RM449.5 million, marking the highest for the period in comparison to previous years. Despite slightly lower margins, the company maintains a stable cash position and anticipates more contract closures in the upcoming quarters.
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