Procurri eyes turnaround in 2018 with changed profile
Singapore
IT expects to make a net loss for 2017 but 2018 will be the year when Procurri's heavy investments into the enterprise hardware lifecycle services business start to ring in profit, chairman and global chief executive Sean Murphy said on Tuesday.
"We're not quite out of the woods yet but the reality is that our company's profile is changing and the margins are so high," Mr Murphy told reporters during a visit to Singapore. He is based in Georgia, USA.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case