Silverlake’s profit jumped 27% to $29m in 1Q15

Revenue rose 15% to $45.1m.

Silverlake Axis’ gross profit jumped 27% year-on-year to $29m (MYR 58.9m) in 1Q15. Its revenue rose 15% to $45.1m (MYR 116.3m) from $39.2 (MYR 101.4m) in the same period last year.

The increase was driven by higher sales from software licensing and its maintenance and enhancement services.

Its gross margins improved to 65%, driven by a change in revenue mix towards higher margin activities. Silverlake Axis has announced an interim dividend of SGD0.8 cents for this quarter.
 

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