Silverlake Axis recorded earnings of RM143.1 million ($46.2 million) for its FY2021 ended June period. This is some 23% lower compared to RM184.7 million recorded in FY2020. 

Revenue for FY2021 came in at RM626.1 million, 6% lower than RM663.7 million last year. This was due to lower contributions from project related revenue.

Maintenance and enhancement services grew by 3% y-o-y. Softwareas-a-Service (SaaS) revenue for insurance processing was flat, while retail grew at a significant 47% yy-o-y. As planned, Silverlake Japan ceased its operations in 1QFY2021 following the termination of the last customer contract for credit and cards processing in late FY2020.

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