OpenSys (M) Berhad today announced that its third quarter (Q32024) revenue grew 21.3% owing to robust growth in its core segments, namely Solution and Services, Hardware and Cheque Processing Service segments, according to a press release circulated by the company.

OpenSys, a Main board-listed technology firm, provides e-solutions to financial services, telecommunications and utilities industries, specialising in total assisted-service solutions along with comprehensive professional support.

In 2024, the third quarter revenue rose to RM27.25 million from RM22.45 million recorded in the corresponding quarter of the previous year. Meanwhile, Profit After Tax (PAT) increased to RM3.25 million from RM3.17 million in the corresponding quarter in 2023.

Revenue from Solutions and Services segment registered robust growth of 21.9% in Q32024, reaching RM20.36 million from RM16.70 million in Q32023, largely driven by ongoing demand for maintenance and cheque processing services. Hardware revenue grew 19.6%, increasing to RM6.89 million from RM5.75 million in 3Q2023.

For the first nine months of 2024 (9M2024), the company also registered higher revenue of RM69.29 million, a 14% increase year-on-year from RM60.79 million, while the 9M2024 PAT stood at RM9.60 million, reflecting a 5.6% rise from RM9.09 million in 9M2023.

The Solutions and Services segment was also the primary revenue drivers for the nine-month period in 2024, contributing to a notable 20.7% growth from RM50.50 million to RM60.94 million.

Looking ahead, the company's Smart solutions and Branch Of The Future segments are expected to make notable contributions to OpenSys' future revenue and profit.

Continuing its quarterly dividend practice, OpenSys also declared a fourth interim dividend of 0.45 sen per share for the financial year ending 31 December 2024.

This fourth interim dividend is the 42nd consecutive dividend pay-out from OpenSys since 2010.