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

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SINGAPORE (Aug 26): Software services & solutions provider Silverlake Axis reported 4Q18 earnings of RM36.2 million (S$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... (Click here to read the full story)