Corporate Demand for IT Products and Solutions Strengthens Towards Year End
Jakarta, October 25th 2023 — PT Metrodata Electronics Tbk (MTDL), a leading Digital Solution Provider and Technology Innovator company in Indonesia, continues to record positive performance as corporates’ demand continues to increase.* In addition, the Company's success in strengthening revenues in the Solutions and Consulting business unit, including Cloud services, Cyber Security, and Data & AI also provides a solid footing for MTDL's performance growth.
The Company's Solution Services continue to produce competitive advantages among other competitors in Indonesia with the completeness and complexity of the solutions offered. The company noted that total order bookings for Cloud and Cyber Security solutions each grew almost double in Quarter III-2023 compared to the previous period.
Apart from that, Data & AI solutions also have promising growth prospects. Data & AI is considered a new technology, and therefore, MTDL remains committed and sees great potential in the future as one of the drivers of the Company's growth.
Overall, in the third quarter of 2023, MTDL recorded a net profit of IDR 402 billion, or an increase of 8.2% YoY. In the midst of a situation of global economic uncertainty, the success in recording net profit growth shows the strength of the Company's business fundamentals. This achievement was achieved through strong and complementary synergy between the Distribution business unit and the Solutions & Consulting business unit.
In terms of Cloud contribution, MTDL continues to lead with comprehensive solutions, supporting the growth of companies in adopting Cloud Hyperscaler technologies such as Azure, AWS, and Google Cloud, as well as Digital Business Platform, Business Application, Cyber Security, Software Subscription, and SaaS solutions.
Susanto Djaja, President Director of MTDL, said, "Diversification of ICT products and services, as well as a large customer base, allows MTDL to grow sustainably. As a longtime player in the ICT industry, MTDL has successfully maintained long-term relationships with customers and even attract new customer bases, demonstrating that the solutions and products offered by MTDL are relevant to the rapidly changing technology trends."
MTDL’s Distribution business unit succeeded in achieving a number of important achievements, including increasing market share, improving inventory levels which resulted in the increase of net profit. The Consumer segment, which experienced a slowdown in early 2023, has shown a significant improvement, resulting in a substantial 23.9% QoQ increase in revenue. Meanwhile, the Commercial segment has consistently recorded growth in line with the increasing demand for IT needs by corporates, achieving a robust 22.0% QoQ and 5.6% YoY growth.
Randy Kartadinata, Director of MTDL, said “In 3Q23, Solutions and Consulting business unit booked an increase of net profit by 19.8% YoY, with the revenues of IDR 4.4 trillion, up by 22.9% YoY. The Distribution business unit posted an increase of net profit by 2.3%, with revenues of IDR 11.4 trillion, down by 4.0% YoY. Overall, in the 3Q23 MTDL posted a net profit of IDR 402 billion, an increase of 8.2% YoY, with total consolidated revenues were stable at IDR 15 trillion”
“MTDL is optimistic that the need for Information and Communication Technology (ICT) will continue to grow, and the company is ready to take an important role in this continued growth” Randy said.
Strong growth in the solutions and consulting business has made MTDL increasingly trusted by partners from global principals, one of which is NetApp. In this case, MTDL's subsidiary, namely PT Mitra Integrasi Informatika (MII), has achieved the Prestige title in the new NetApp Partner Sphere program. Prestige is a title given by NetApp to partnerships of the highest level.
"We see that the Indonesian economy will still experiencing challenges in the future, where the Rupiah exchange rate against the US Dollar has been weakening over the last 5 months. However, we remain optimistic and cautious, where our exposure to foreign currencies is around 20% of total sales and we also hedge our forex exposure. We hope that at the end of the year we will still achieve net profit growth of around 8% yoy," concluded Randy.
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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 330 cities across Indonesia and has more than 6,000 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, Data & AI, Hybrid IT Infrastructure, Cybersecurity, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services to support digital business transformation.
For further information, please contact:
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Randy Kartadinata Corporate Secretary Phone: (62-21) 29345 888
M. Aditya |
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PT. Metrodata Electronics, Tbk.
APL Tower 37th Floor
Jl. Letjen S. Parman Kav. 28
Jakarta 11470
Contact Us:
P: (62-21) 2934 5888
F: (62-21) 2934 5899
E: info.metrodata@metrodata.co.id
