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At the annual general meeting today (25th), Michael Lee, chairperson of SYSAGE Technology Co., Ltd. (TWSE:6112), explained that SYSAGE will jump out of the box of traditional resellers and actively integrate powerful cloud and on-premises resources to connect with the overall application ecosystem to boost future growth capacity in response to the new economic wave following the escalating demand of clients to move to the cloud in the post-pandemic era.
At the AGM held at 9:00 on the morning of the 25th, the business report, financial statements, and earnings distribution proposal of SYSAGE (TWSE:6112) for 2020 were ratified.
In 2020, the consolidated revenue increased by 9.8% over 2019 to NT$13.51 billion, consolidated net income increased by 39.1% over 2019 to NT$650 million, consolidated net income before and after tax attributed to the stockholders of the company increased by 41.1% and 44.7% over 2019 to NT$730 million and NT$550 million, respectively, and EPS increased from NT$2.58 in 2019 to NT$2.91 in 2020.
At the AGM, the 2020 earnings distribution proposal was approved to distribute cash dividends of NT$470,893,340 divided by 188,357,000 shares for about NT$2.5 each share. All cash dividends were distributed on August 17, 2021
Chairperson Lee added, following the expansion of the cloud economy, key tasks will be migrated to the cloud to relieve the pressure on ground IT infrastructure expansion, and companies will accelerate the development of innovative AIoT applications with cloud resources and expand the service territory worldwide. SYSAGE will jump out of the box of traditional resellers and actively integrate powerful cloud and on-premises resources to connect with the overall application ecosystem to boost future growth capacity in response to this new economic wave. Besides strengthening the deployment of public and private clouds, SYSAGE will further combine the synergy of such leading cloud platforms as AWS, Google, IBM, and Oracle to fulfill all customer demands for cloud services, cloud-ground integration, or cloud application development.
According to Michael Lee, SYSAGE will save unnecessary IT expenses for enterprises by building high-performance, agile, and easy-to-use IT architectures by accurately capturing their key needs with its more than 20 years of experience in distribution, comprehensive solutions for vertical integration, a range of products with excellent performance, well-established meticulous distribution system, and 24/7 uninterrupted services.
While the demand for digital transformation is escalating in all industries, SYSAGE will constantly extend operations and deepen technical services through a product development strategy with four foci: cloud service, AI data analysis, microservice integration, and information security. The Company will also emphasize the deployment of related products and services and establish in-depth linkage to the domain know-how of different industries. At the end of this April, the Company invested in the high-tech fund Taiwania Capital Buffalo Fund V to reach more startups at home and abroad to stay close to the latest industrial and technological development trends in order to find business opportunities and become the distributor of required products 5–10 years in advance. In the future, SYSAGE will continue with lean distribution deployment and investment management to prepare the hardware–software integration tools for digital transformation most needed for cloud computing, digitization, internationalization, and mobilization in the future.
