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Silverlake Axis 1HFY2023 earnings up 5%

The Edge Singapore
The Edge Singapore • 1 min read
Silverlake Axis 1HFY2023 earnings up 5%
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Silverlake Axis, which focuses on software services for the financial sector, has reported a slight earnings improvement for its 1HFY2023.

For the six months to Dec 31 2022, earnings increased by 5% y-o-y to RM99.7 million. Revenue in the same period increased by 9% y-o-y to RM392.3 million.

The company's total recurring revenue, which gives better earnings visibility, increased 3% y-o-y to RM278.1 million, which accounts for more than 70% of the total.

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