Azeus Systems

[winston]

Not vested

Azeus Systems, a Singapore-listed provider of IT consultancy services, said on Tuesday it has won a contract worth around HK$69.97 million ($9 million) from the Hong Kong government for application maintenance services.


Source: Reuters

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Azeus Systems swings back to profitability in FY18 with earnings of $0.32 mil
https://www.theedgesingapore.com/azeus- ... gs-032-mil

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Azeus Holdings reports $2.2 mil earnings for FY2020, record revenue of $32.6 mil in revenue
https://www.theedgesingapore.com/capita ... il-revenue

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Azeus Systems doubles 1H earnings to $1.9 mil on 'significant growth' from Azeus Products segment
https://www.theedgesingapore.com/capita ... ts-segment

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Azeus clinches contract worth $179.9 mil from Hong Kong government
https://www.theedgesingapore.com/news/c ... government

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Azeus reports 105% y-o-y surge in FY2022 earnings of $8.4 mil
https://www.theedgesingapore.com/capita ... ngs-84-mil

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Azeus Systems reports FY2023 earnings of HK$50.5 million, up 4%
https://www.theedgesingapore.com/capita ... -million-4

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Azeus Systems' earnings for FY2024 up 68% y-o-y to a record of HK$85 mil
https://www.theedgesingapore.com/capita ... d-hk85-mil

[winston]

not vested

Azeus Systems is a provider of IT products and services with its flagship product, Convene, being implemented across more than 100 countries.

Convene is a paperless meeting solutions software used by directors and executives while Convene Records is being adopted by governments.

Azeus released its fiscal 2024 (FY2024) earnings ending 31 March 2024 recently and disclosed a robust set of financial numbers.

Revenue jumped 30% year on year to HK$328.9 million while gross profit climbed 28% year on year to HK$233.5 million.

Net profit surged by 68% year on year to HK$85 million.

The better results were attributed to the continued deployment of the HK$1.02 billion central electronic record-keeping system contract.

The business also generated copious free cash flow, with FY2024’s free cash flow soaring 179% year on year from HK$34.6 million to HK$96.5 million.

A final dividend of HK$1.90 was declared, taking FY2024’s total dividend to HK$2.80, significantly higher than the prior year’s dividend of HK$1.08.

CEO Michael Yap is confident for FY2025 as the group continues to invest in expanding its geographical footprint.

The business will also focus on research and development to introduce new product offerings.

Source: Smart Investor

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Azeus Systems reports 1HFY2025 earnings of HK$48.9 million, up 79% y-o-y
https://www.theedgesingapore.com/capita ... n-79-y-o-y