Listed gaming technology and IT solutions provider DFNN Inc. is investing in space technology and data centers to keep its growth trajectory.
In a statement, DFNN said that “to ensure continued growth,” the company “is bolstering its technology, platforms, software solutions for enterprise, e-government, and retail clients.”
DFNN said it is investing in the latest technologies in data centers, space technology, and sustainability support system platforms involving artificial intelligence.
“These will involve supporting the industry built around launch platforms with objects into near space, low earth orbit, geostationary orbit, space tourism, beyond Earth, or on interplanetary trajectories,” the company said.
“It will also include the developments necessary to support spaceport and space industries and its ancillary operations,” it added.
Investing in latest technologies is in line with DFNN’s aim to sustain its growth as it reported revenues of P283.7 million as of end-March 2022, up 81.3% from P156.5 million as of the first quarter of 2021.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to P95.8 million, a reversal from an EBITDA loss of P12.2 million, posting a growth rate of 884.2%.
Revenue from share-based income generated from interactive technology platforms for the three months ended March 31, 2022 increased by 116.6%.
Meanwhile, total revenue from interactive technology platforms amounted to P229.3 million for the three-month period ended March 31, 2022, up 116.6% from P105.9 million year-on-year.
Income generated from the development and maintenance of software solutions during the period stood at P12.8 million, down 45.5%.
Sales of software and application licenses totaled P41.6 million, up 53.9% year-on-year.
“This surge in income is attributed to the increase in sales of foreign licenses,” DFNN said.
The company said it continues to be cognizant that sustaining growth hinges heavily on its ability to timely act on developing COVID conditions and impose expedient measures that minimize health and economic risks.
“Therefore, in parallel with government mandates, DFNN continues to develop and adjust business strategies to effectively respond to the ever-changing business climate,” it said.—AOL, GMA News