Excerpts from CGS-CIMB report
Analyst: Andrea CHOONG
■ 1QFY6/23 net profit of RM58m was 12%/4% above our/consensus estimates due to lower-than-expected taxes. 1Q GPM of c.59% was comparable yoy.
■ Business outlook is positive. Strong deal closure momentum in 1Q (RM136m) and deal pipeline remains robust (RM2.1bn).
Management remains positive on FY6/23 business outlook
Full report here.