Quarterly Result

Quarterly Report For The Financial Period Ended 31 December 2024

Financials Archive
Financial Statement (311 KB)
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Unaudited Condensed Consolidated Statements Of Profit Or Loss And Other Comprehensive Income
For The Quarter Ended 31 December 2024

Comprehensive Income

Unaudited Condensed Consolidated Statement Of Financial Position As At 31 December 2024

Financial Position

Operating Segments Review

Review Performance

Comparison With Immediate Preceding Quarter's Results

Review Performance

Prospects For The Financial Year Ending 30 June 2025

The Group experienced a decline in Q2 FY2025, posting a loss of RM 3.7 million. The loss is primarily due to certain key deals that did not materialize as anticipated, which impacted short-term revenue generation. However, we remain optimistic about the long-term outlook, having strategically expanded into the States and Local Councils market. Additionally, customer adoption and utilization of Cloud infrastructure have ramped up, strengthening our position in the market.

In line with our transformation plan, we have launched new offerings, including Artificial Intelligence (AI), e-Invoicing, ERP, and Cybersecurity solutions. These additions significantly broaden our portfolio of Cloud-based services and are expected to drive sustained growth as we continue to expand our customer base and enhance our value proposition.

As Google Cloud’s premier partner in Malaysia, we have established a strong presence in supporting the Government’s digital transformation agenda. The Government's commitment to harnessing the transformative power of AI to strengthen the digital economy and drive sustainable development positions us well to support and scale the adoption of Google's latest generative AI capabilities among our customers.

With our continued focus on innovation and expanding our Cloud-based solutions, the Board and Management remain optimistic about the Group's outlook for FY2025. We are dedicated to enhancing our synergistic Cloud offerings and driving long-term value to foster growth for the Group.