The Digital Solutions & Consulting Business Unit booked IDR 162 billion of net profit or contributed 60% to MTDL’s total net profit in the first semester of 2022. Meanwhile, the Digital Distribution Business Unit booked IDR 109 billion of net profit or 40% to MTDL’s total net profit in first semester of 2022. Not all of the Digital Distribution Business Unit’s net profit portion goes to MTDL as a joint venture with Synnex Taiwan, which the net profit is divided by 50:50. MTDL is still optimistic that this positive performance will continue to increase in line with the increasing demand of ICT products, especially in digital solutions which also supported by the growth of investment in digital transformation and business cycles trend which usually increase at the end of the year.
From the Digital Solutions & Consulting Business Unit, the banking sector is still the largest customer, contributed 45% to Digital Solution & Consulting Business Unit revenue due to tremendous of digital transformation growth in banking industry for the last two years. The need for solution and consulting in this sector has increased sharply up to this first semester, previously the average portion of the banking sector was only 35%. Beside the banking sector, oil & gas, and telecommunications sectors also have great opportunities to be targeted. The Company will also continue to increase its marketing coverage for the segments which have not become major market, such as e-commerce and fintech.
MTDL continues to strengthen the Digital Solutions & Consulting Business Unit by completing the eight pillars of Metrodata’s digital solutions, which are Cloud Services, Big Data & Analytics, IT Security, Hybrid IT Infrastructure, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services. One pillar that needs to be highlighted due to fast growing revenue is Cloud, it was the largest contributor by 34% to the eight pillars.
MTDL revenue from the Cloud is expected to increase since many companies are still in the early stages of switching to Cloud technology. This is also supported by the Cloud-based subscriptions trend that are increasingly in demand. As customer needs for Cloud solutions are getting higher, MTDL has prepared a dedicated division consisting of experts to help customers to get optimal benefits from Cloud solutions or other Cloud-based applications. This team can accelerate the transfer of knowledge and expertise as well as focus on the areas of pre-sales and implementation.
Last but not least the Distribution Digital Business Unit also achieved positive performance in the first semester of 2022. The Digital Distribution Business Unit achieved IDR 7.4 trillion of revenue in the first semester of 2022. There was a significant growth from the Commercial segment in 2Q22 by 31% QoQ. It showed that the current situation is stable enough for companies to spend more budget to invest in ICT. The increase in Digital Distribution Business Unit was largely driven by sales from the Consumer side which contributed 48% to total Digital Distribution revenue. On the other hand, Telco products contribute a fairly great performance by successfully achieving revenue of IDR 1.2 trillion with a significant growth in first semester of 2022 by 52% YoY.
“We are optimistic that by the end of 2022, we can achieve 15% revenue growth and 20% profit growth. Seeing various opportunities with the normal supply of ICT products and the growing development of digital solutions, we believe that we are able to continue to grow as a digital solution provider and technology innovator which become the center of actualization of the digital economy in Indonesia,” Susanto concluded.
About PT Metrodata Electronics Tbk
PT Metrodata Electronics Tbk (“the Company”) a public listed company in Indonesian Stock Exchange since 1990 (IDX: MTDL) is a leading provider of solutions and consulting services, as well as the distribution of Information and Communication Technology (ICT) and Digital products and services in Indonesia. partnering with world-class ICT companies.
It currently has its main business which is the Digital Distribution Business (Providing World-Class ICT Hardware and Software) that handles distribution to the dealers and ICT solution companies as well as running an e-commerce business. The distribution network covers more than 150 cities across Indonesia and has more than 5,200 channel partners with more than 100 brands of world-class IT products and services.
Another main business is the Digital Solutions and Consulting Business (Digital Solution Provider to Help Companies Achieving Digital Transformation) provides complete ICT solutions based Metrodata’s 8 pillars of Digital Solution, which are Cloud Services, Big Data & Analytics, Hybrid IT Infrastructure, Security, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services to support digital business transformation.
For further information, please contact:
Randy Kartadinata
Corporate Secretary
Phone: (62-21) 29345 888
www.metrodata.co.id
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PT Metrodata Electronics Tbk published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 02:43:04 UTC.
