Kronologi Asia Berhad which involved in providing Hybrid and Cloud Enterprise Data Management technology and reported continued improvement with revenue of RM74.5 million representing growth of almost 81% year-on-year.
The financial year starting February saw its first quarter revenue register RM58 million while the second quarter ending July hit Rm74 million, the increase is reflecting the company’s continuation of positive trajectory from its Enterprise EDM and As-A-Service businesses for Hybrid and Cloud segments. EBITDA of RM10.5 million also represented robust growth of 13% and 31% compared to Q1’FY22 and corresponding year.
According to Group CEO Mr. Edmond Tay on the strong results “executing on all fronts inQ2’FY22, we introduced a major release of Kronologi’s As-A-Service platform to next generation data storage platforms for analytics, hyperconverged infrastructure, Hybrid and Private Cloud services cum solutions. In efforts to strengthen its position, Kronologi had recently completed a major milestone in its geographic expansion with the full acquisition of a China associate company.
China is a growth potential market and the company has its solutions used by 2 of the Top 5 Hyperscalers. As its go-to-market strategy and partner relationships matures, Kronologi seeks to continue to expand its “share of wallet” from existing customer accounts and through securing new accounts.