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Silverlake posts 5% lower 4Q earnings of $12.1 mil due to lower other income

Michelle Zhu
Michelle Zhu8/26/2018 04:50 PM GMT+08  • 3 min read
Silverlake posts 5% lower 4Q earnings of $12.1 mil due to lower other income
SINGAPORE (Aug 26): Software services & solutions provider Silverlake Axis reported 4Q18 earnings of RM36.2 million ($12.1 million), down 5% y-o-y from RM38.3 million a year ago due to lower other items of income.
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SINGAPORE (Aug 26): Software services & solutions provider Silverlake Axis reported 4Q18 earnings of RM36.2 million ($12.1 million), down 5% y-o-y from RM38.3 million a year ago due to lower other items of income.

The group’s latest 4Q results brings its full year earnings for FY18 to a total of RM134.1 million, representing a more-than sixfold decline from its FY17 earnings of RM863.7 million in the previous year.

Revenue for the quarter grew 6% to RM145.5 million on higher contributions from maintenance and enhancement services, due to more enhancement contracts secured in South Asia, Africa and Europe in addition to higher progressive revenue recognised from ongoing enhancement contracts in Singapore and Malaysia.

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