SINGAPORE (Nov 12): Silverlake Axis’ earnings jumped 15% to RM68.6 million ($22.3 million) in the first quarter ended Sept 30, 2015, from RM59.7 million a year earlier.
The digital solutions provider is proposing a tax-exempt first interim dividend of 0.6 cent per ordinary share.
Revenue grew 13% to RM131 million from RM116 million previously, due to higher contribution across all business segments except for software licensing.
As the group’s revenue is partially denominated in the Singapore dollar and US dollar, the top line also benefited from the appreciation of the two currencies against the ringgit.
Looking ahead, Silverlake Axis says it will continue to strengthen its market position through selective investment in new software solutions and services.
In a separate announcement, Silverlake Axis says its subsidiary SunGard Ambit (Singapore) has secured contracts from two Vietnamese banks to assist them in their IT transformation.
The banks are SacomBank (Saigon Thuong Tin Commercial Joint Stock Bank) and Viet Capital Joint Stock Commercial Bank.
The contracts are expected to contribute positively to its results in the current financial year, says Silverlake Axis.
Shares of Silverlake Axis ended down 2 cents or 2.9% to 66.5 cents.