Revenue showed a slight 3.03% quarter-on-quarter (q-o-q) decline from RM53.7 million, but net profit rose 8.16% q-o-q, up from RM11.1 million. The BPO segment, which has consistently contributed over 90% of Scicom’s revenue, booked RM15.5 million in profit before tax (PBT). “Most multinationals that compete with us are scared to go into emerging markets because they don’t know how those markets react,” he said. According to Ariyanayakam, Scicom has set its sights on expanding into e-government services in emerging markets, such as Nepal, Cambodia and Laos. “The response from emerging markets has been very encouraging, especially in government sectors.

Source: The Edge Markets November 08, 2016 02:05 UTC