Like its said " a picture paints a thousand words". Some Formis Network Services Sdn Bhd(FNS) staff and friends from HP & Schlumberger went fishing & "candat sotong" in May at Pulau Kapas, Terengganu. It was sheer fun. Such a great feeling to be in the open sea catching great fishes & "sotong". The weather was great and the sea was crystal clear.It was definitely a stress relief to be away for a while from office work. We definitely going to be back there again next year.

Formis BASS Software Sdn Bhd has just signed two new partnerships to enhance the value of our business and technology products and services; one with Risk Management & Safety Systems (RMSS) and another with QlikView SEA.

 RMSS is a next generation risk management software solutions for managing enterprise risk  reduction. Its unique patented process of Master Risk Categories provides efficiency and productivity gains across business processes and risk management models. You may log on to http://www.rmss.com.au/ for more information.

  QlikView  is named the world’s fastest-growing Business Intelligence software vendor by IDC. Its patented in-memory association technology brings great intelligence and enables better decision making to a wide range of customers and industries. You may log on to http://www.qlikview.com/ for more information.

17th June - One World Hotel.  First Solution had just completed a very focussed and streamlined engagement plan to move our business partners with us in a more organized manner into the market.

'BreakFIRST with Ou' was held to kick-off this discovery.   

Our business partners were extra lucky.  Apart from learning the synergistic combination of resources, rewards and offerings both from IBM and us (First Solution), they received a far and wide speech of wisdom from Mr. Ou Shian Waei - MD of IBM Malaysia Sdn. Bhd.

We were delighted to see that the C-Levels from more than 25 business partners present during this event. 

"There's a keyword that we must learn to carry out during times like this; 'Provocative Business'. In times of resistance, uncertainty and controversy, this is an approach that can help businesses achieve positive results.   

In times like this too, it all comes back to who our friends are who would stand through thick and thin with us. We should go back to basics; relationships.

Yet one more keyword! Time Kills Deal! That saying gets louder in times like this, the more we procrastinate, the deal goes to others", says Mr. Ou Shian Waei - MD of IBM Malaysia Sdn. Bhd

We hope that after this event, the energy passed-on by Ou and everyone who came could thereupon boost us to move more aggressively.

Enjoy this piece of write up in The Star today ( 3 June 2009)

Formis Resources returns to the black

By LAALITHA HUNT

The IT firm’s orderbook stands at RM196mil

PETALING JAYA: Information technology (IT) services provider Formis Resources Bhd has turned around with a net profit of RM9.19mil for the financial year ended March 31, 2009 (FY09) compared with a net loss of RM1.97mil in FY08.

Its group revenue was 9.1% higher at RM379.47mil against RM347.68mil before. The earnings per share for FY09 improved to 4.94 sen against a loss of 1.07 sen per share previously. However, for the fourth quarter ended March 31, the group posted a 27% decline in revenue to RM89.37mil from RM123.39mil in the previous corresponding quarter. Its net loss was 37.7% lower at RM3.21mil against RM5.15mil previously.

Chairman Tan Sri Megat Najmuddin Megat Khas attributed the earnings recovery to the significantly higher contribution from its network and systems integration division as well as improvements in gross margin. “Going forward, we expect earnings growth to be sustained by significant orders in hand and a strong recurring income stream of RM60mil per annum from maintenance and service contracts for systems installed by the group,” he told StarBiz. The group’s orderbook stands at RM196mil currently. Najmuddin noted that many companies had not reduced their IT spending over the past year, despite the difficult economic situation, owing to their efforts to improve operational efficiency and productivity. “The banking sector is still spending to improve its IT systems while the telcommunications industry has been boosting its network infrastructure,” he said.

Managing director Chan Ngow said another area of growth for the company was in the marine industry. “We are currently working on integrated IT solutions for the Tanjong Pelepas port operations, which is one of our biggest projects this year,” Chan said, declining further comment. As for the group’s overseas venture in Vietnam, Chan does not expect significant earnings contribution from its regional office there in FY10.