'The increase in revenue, particularly the “technology infrastructure operations, maintenance, and support services” segment, is mainly due to upwards revision of rates for existing customers, overage fee charged to customers due to higher-than-expected utilization, and new contracts which were effective in this quarter. Under the contracts, the Group is ENTITLED TO CHARGE THE OVERAGE FEE SHOULD THE VOLUME PROCESSED BY ITS CUSTOMERS IS HIGHER THAN EXPECTED. This will allow the Group’s customers to be able to increase their usage and consumption, should the requirement is higher than expected, without any delay.'
'The increase in revenue for “technology infrastructure operations, maintenance, and support services” segment is also due to revision of rates charge for existing customers AS WELL AS NEW CONTRACTS secured by the Group, which were effective in this quarter.'
The overage charges is a new clause added to the existing customer contract and new contract. As long as customers usage is high, INFOM can charge overage fee to them without any delay. Which means, unless Infom business demand drop, else this is not a One Off gained!
Stock: [INFOM]: INFOMINA BERHAD
2023-04-17 12:29 | Report Abuse
'The increase in revenue, particularly the “technology infrastructure operations, maintenance, and support services” segment, is mainly due to upwards revision of rates for existing customers, overage fee charged to customers due to higher-than-expected utilization, and new contracts which were effective in this quarter. Under the contracts, the Group is ENTITLED TO CHARGE THE OVERAGE FEE SHOULD THE VOLUME PROCESSED BY ITS CUSTOMERS IS HIGHER THAN EXPECTED. This will allow the Group’s customers to be able to increase their usage and consumption, should the requirement is higher than expected, without any delay.'
'The increase in revenue for “technology infrastructure operations, maintenance, and support services” segment is also due to revision of rates charge for existing customers AS WELL AS NEW CONTRACTS secured by the Group, which were effective in this quarter.'
The overage charges is a new clause added to the existing customer contract and new contract. As long as customers usage is high, INFOM can charge overage fee to them without any delay. Which means, unless Infom business demand drop, else this is not a One Off gained!