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Azeus Holdings reports $2.2 mil earnings for FY2020, record revenue of $32.6 mil in revenue

Felicia Tan
Felicia Tan6/19/2020 06:01 PM GMT+08  • 2 min read
Azeus Holdings reports $2.2 mil earnings for FY2020, record revenue of $32.6 mil in revenue
The significant increase is driven by 68.1% growth in contributions from the Azeus Products segment.
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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.

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