Earnings per share (EPS) rose by 6% y-o-y to 5.33 sen.

9MFY2023 revenue grew by 6% y-o-y to RM563.6 million, the highest in five years for the nine-month period. During the period, the group saw growth across all of its revenue segments, especially its sale of software and hardware products and retail transactions processing.

Gross profit rose by 6% y-o-y to RM333.8 million for the same reasons with gross profit margin (GPM) remaining consistent y-o-y at 59%.

Other income fell by 28% y-o-y to RM3.1 million on account of removal of Covid-19 support subsidies post pandemic from the government as well as fluctuations in foreign currencies (forex). In the 9MFY2023, the group recorded foreign currency exchange loss of RM6.2 million on cash reserves this period as compared to a gain last year.

Year-to-date (ytd), the group recorded RM540.8 million worth of contracts closed, 38% higher y-o-y.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/capital/results/isdn-posts-113-lower-revenue-438-lower-net-profit-1hfy2023?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>ISDN posts 11.3% lower revenue, 43.8% lower net profit for 1HFY2023</a></b></span>

Looking ahead, the group says it has not seen any decline in terms of the opportunities it is looking at despite the macroeconomic climate. Its current opportunities and deals pipeline remain robust at total gross value of RM1.8 billion; potential deals where it has been shortlisted currently stands at RM260.5 million.

It adds that it is looking into artificial intelligence (AI), large language models and machine learning products and technologies to add to its services.

Shares in Silverlake Axis closed flat at 33.5 cents on May 15.

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