SCS Computer Systems Sdn Bhd, which celebrates its 20th anniversary this year, is optimistic of maintaining the steady revenue and profit growth it has experienced since inception.
And it looks forward to another 20 years of charting more landmarks, SCS executive chairman Tunku Datuk Seri Shahabuddin Tunku Besar Burhanuddin said in Petaling Jaya last Friday.
We've been profitable since day one. Both our revenue and profit have grown every year in the past 20 years.
The company had experienced 20%-30% revenue growth per annum, except for last year, when it recorded 15% growth a still impressive performance against a backdrop of a slow IT industry that saw many operating at a loss.
And, according to SCS chief executive officer and managing director Looi Kien Leong, pre-tax profit last year grew 10% to RM10.8mil, on revenue of RM175mil. For 2001, pre-tax profit was RM9.8mil, and revenue RM152mil.
Hopefully, we'll do better this year than we did last year. The first half has been on target. We've secured two substantial projects a RM15mil oil and gas deal, and an RM8mil deal with a telecommunications company. We're quite optimistic of returning to our previous growth rate of 20%-30%, maybe even this year, if the SARS (severe acute respiratory syndrome) problem is contained, Looi said.
He said SCS had to defer sealing a few deals in China and Hong Kong due to the SARS outbreak in the two countries. It also had to defer sealing deals with some parties in the US and Australia because of SARS.
Overseas operations currently contribute about 15%-20% to SCS's total revenue. SCS only started venturing abroad two years ago, Looi said, and it aimed to grow that business to 30% in the near future.
There's been a lot of interest in our systems in the Middle East, especially in healthcare. The sentiment in the Middle East is that they don't want to buy from the US; and our software is as good as, if not better than that, from developed countries, Looi said, adding that SCS already has business operations in China, Hong Kong, Thailand, Brunei, Vietnam and Cambodia.
Shahabuddin added: There's also a lot of interest for our software from some Australia hospitals. If not for the SARS, they would have been here now looking at our healthcare system.
SCS attributed its growth over the years to its focus on what we're best at.
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