• Revenue growth rebound: Aurionpro achieved 3.6% quarter-on-quarter revenue growth in Q1 by pivoting toward high-demand segments like data centers and expanding software sales into Southeast Asia.
• Middle East outlook: Demand in the Middle East has not fully normalized, but management expects any related impact to normalize by Q3 as sales focus shifts to other geographic markets.
• Margin pressure drivers: Margins declined 300 bps year-on-year and over 210 bps quarter-on-quarter due to business mix shifts and elevated expensed investments in developing an AI-native software stack.
• Banking implementation timelines: Standard banking software implementations take 12 to 14 months, with license revenue recognized immediately at the start and recent Q4 and Q1 wins expected to convert into revenue within the year.