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SINGAPORE: Singapore Computer Systems has posted a 54 percent rise in first quarter net profit to S$3.9 million. This came on the back of a nearly 6 percent increase in revenue to S$101 million.
The company also said it has a record order book of S$718 million at the end of the quarter.
This was due to its recent wins of multi-year managed services projects, including the Singapore government's eight-year Standard Operating Environment (SOEasy) contract.
Both SCS' business solutions segment and infrastructure segment recorded higher revenues from a year ago.
Looking forward, SCS said its home market in Singapore is expected to remain positive.
The Singapore government has said that tenders for information technology projects in 2008 are expected to be worth at least S$1 billion.
SCS said it plans to leverage on its strong track record in the government sector to pursue some of these new opportunities.
Barring any unforeseen circumstances, the company expects to remain profitable for FY2008. - CNA/ir
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