KUALA LUMPUR: SNS Network Technology Bhd
remains optimistic on the ICT sector outlook, driven by rapid advancements in artificial intelligence (AI) that are expected to boost demand and support market expansion.
“This continued evolution is expected to drive stronger demand for ICT products and services, reinforce the group’s existing customer base, and create opportunities to expand market share by acquiring new clientele,” it said in a filing with Bursa Malaysia.
The group remains committed to innovation, focusing on adopting emerging technologies aligned with its core values. It sees AI as a key growth driver and is well-positioned to adapt to evolving and increasingly dynamic market demands.
SNS said it provides AI-driven solutions aimed at enhancing operational efficiency and delivering personalised customer experiences.
By integrating advanced AI technologies, the group offers customised solutions that streamline workflows, optimise decision-making and drive innovation, while remaining accessible and scalable for organisations of all sizes.
In the fourth quarter ended Jan 31, SNS’ net profit nearly halved to RM5.07mil, or earnings per share of 0.30 sen, while revenue rose 52.5% to RM383.5mil.
For the full year, it posted a net profit of RM46mil, or 2.74 sen, up 52% from RM30.3mil, or 1.87 sen, while revenue surged to RM3.34bil from RM1.02bil.
SNS said in response to the positive outlook, over the past year it has expanded its physical presence across Malaysia by opening several new multi-brand and brand-specific stores in Penang and Selangor to support a broader customer base.
It added that demand for Device-as-a-Service (DaaS) is expected to grow as businesses shift away from large upfront capital spending, with the group focusing on expanding its DaaS offerings to capture this trend.
“As businesses increasingly seek greater flexibility and control over the deployment of ICT products and services to better align with operational requirements, the shift away from large upfront capital investments is gaining momentum.
“In this context, the demand for (DaaS) subscriptions is expected to grow steadily over the long term. The Group remains focused on expanding its DaaS offerings to support both existing and prospective subscription agreements,” it said.
