SINGAPORE (June 19): Azeus Systems Holdings, the Hong Kong-based IT consultancy services provider has reported a net profit, or earnings of HK$12.7 million (S$2.2 million) for the FY2020 ended March 31, largely unchanged from the previous corresponding year.

For the same period, the company recorded a record 22.6% surge in revenue to HK$181.2 million, compared to the HK$147.8 million in FY19.

The significant increase is driven by 68.1% growth in contributions from the Azeus Products segment. This came about as Azeus’ proprietary products, Azeus Convene and AzeusCare, and their associated services were increasingly adopted and implemented by its customers.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook