INFO-COMMUNICATIONS
TECHNOLOGY SERVICES (“ICT”)
ICT improved its revenue by 3.3% year-
on-year to S$100.9 million due mainly
to a major software & maintenance
contract and higher wholesales and
enterprise solutions revenue partially
offset by lower project revenue.
Operating PBT declined by 23.1%
to S$1.0 million due to lower gross
profit from projects recognised during
the year. Excluding the amortisation
of intangible assets arising from
acquisitions and interest accretion,
operating PBT for FY2014 was S$2.5
million. ICT’s revenue and operating
PBT contribution to the Group was
19.5% and 8.8% of total Group revenue
and operating PBT respectively.
ICT made significant headway into
the enterprise space. S & I Systems
Pte Ltd (“S&I”) was successful in
securing several government and public
sector project wins, which included
the implementation of a centralised
queue management system to
simplify and better manage multiple
queuing parties as well as a world-
class real estate management solution
to streamline processes and improve
workplace integration. Additionally, it
was among 13 companies qualified
by iDA for the bulk tender supply of
Agile Application Development and
User Experience Design Services for
Singapore Government’s ICT projects.
It has also formed new partnerships
with leading principals such as Huawei
Enterprise, HP and Amazon Web
Services. NxGen Communications Pte
Ltd (“NxGen”) continued to hold its
leadership position in the Financial
Services and Healthcare sectors,
driven by customers’ increasing push
for high-end, sophisticated contact
centre solutions. NexWave Telecoms
enhanced its suite of distribution line-up
with the addition of Alcatel-Lucent and
OPERATIONS
REVIEW
TELECHOICE INTERNATIONAL LIMITED
ANNUAL REPORT 2014
17
