SINGAPORE (Apr 25): Procurri Corp saw its earnings for 1Q18 grow sixfold to $1 million from $164,000 a year ago on higher revenue which mainly resulted from its higher-margin lifecycle services business segment.

Group revenue grew 29.2% to $49.5 million from $38.3 million a year ago, as contributions from both its IT distribution and lifecycle services business segments grew by 10.6% and 105.4% to $34 million and $15.5 million, respectively.

While the IT distribution business’s revenue growth came on the back of better performance from the Americas, the increase in the lifecycle services business’s revenue was mainly due to better performance across the group.

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