KUALA LUMPUR (May 11): MM Computer System Bhd (MMCS), an information technology services firm, is projecting its earnings to grow by about 20% over the next two years, on the back of rising demand for enterprise digitalisation. 

MMCS currently has 105 ongoing projects with total unrecognised revenue of RM80.83 million. It is also bidding for seven active tenders worth a combined RM127.13 million that are still under evaluation, according to its managing director and chief executive officer Young Yoong Chang. 

“We are expecting a year on year growth of 20% growth of our top line and also the bottom line at least for the next two years,” Young told reporters after the group’s prospectus launch on Monday. 

For the financial year ended Dec 31, 2025, MMCS posted a net profit of RM10.12 million on revenue of RM98.68 million. That compared to a profit of RM8.69 million on revenue of RM73.71 million a year earlier. 

MMCS attributed the improvement to partly higher contribution from its customers that nearly half came from government-linked companies (GLCs). These GLCs are mainly involved in utilities, transportation, highways, and pension-related institutions, the group shared. 

In the near term, MMCS also foresees that the growing adoption of AI technologies among enterprises is expected to create more opportunities for the group. This comes as the group is already seeing rising demand from customers looking to build hybrid and on-premise AI environments. 

MMCS had recently completed a proof-of-concept AI infrastructure project for one customer, with plans for further expansion already being discussed, according to Yoong. However, he clarified that MMCS is not an AI software developer itself, but rather acts as the infrastructure enabler behind enterprise AI deployment.

Based in Kuala Lumpur, MMCS designs and implements enterprise IT infrastructure, networking and cybersecurity systems. It also provides maintenance and technical support services, while selling and leasing IT hardware and software solutions.

While Young acknowledged that rising global costs and inflation have affected the broader IT industry, he shared that MMCS has generally been able to pass on higher costs to customers.

“Our customers understand the situation, so there is not much impact to us,” he said. According to Young, the group has faced delays in deliveries in recent months due to logistics bottlenecks and supply shortages.

However, MMCS said its long-standing relationships with unnamed technology companies and distributors have helped secure supply availability and pricing protection.

MMCS said it also sources products from multiple distributors to reduce reliance on any single supplier. The group’s largest supplier of desktops, laptops and printers is SNS Network (M) Sdn Bhd, a unit of SNS Network Technology Bhd (KL:SNS).

Young comments come after VSTECS Bhd (KL:VSTECS), MMCS’ second-largest supplier, recently warned that IT product prices are expected to remain elevated through 2026.

Read also:
MM Computer Systems' ACE Market IPO to raise RM36.6 mil