However, it claims to see certain bright spots emerging. For one, the industry has come to realise that there is no quick end to the pandemic and they have started to budget and plan for an expansionary future with the virus as the new normal.
Financial software provider Silverlake Axis has reported revenue of RM140.9 million for its 3QFY21 ended March, down 7% y-o-y. However, earnings increased by 51% in the same period to RM38.7 million, thanks to other income in the form of government subsidies and rental concessions.
The company warns that because of the on-going pandemic, the next few quarters will still be “dominated by the continuing uncertainty”.
