The company, which provides software for the regional financial services industry, has been trying to increase its proportion of recurring revenue which gives better earnings visibility, versus project-based ones, which tend to be more volatile.
Silverlake Axis has reported earnings of RM59.6 million for its 2QFY2021 ended Dec, up 72% y-o-y. Revenue in the same period was up 29% y-o-y to RM206.5 million, led by higher software licensing revenue.
For 1HFY2021 ended Dec 2021, earnings was up 40% y-o-y to RM94.7 million, while revenue was up 16% y-o-y to RM358.5 million.
