Kuala Lumpur, Wednesday (May 20, 2009) – Cuscapi Berhad recorded revenue of RM7.38 million for the quarter ended 31 March 2008, 6.46% lower revenue compared to the preceding year corresponding quarter’s revenue of RM 7.89 million.

For the first time after 12 quarters, the MESDAQ-listed company recorded pre-tax loss of RM0.65 million compared to the preceding year corresponding quarter’s profit before tax of RM0.21 million.

Commenting on the Q109 results, chief executive officer Danny Leong said that the lower revenue and pre-tax loss were largely due to opportunities being delayed, further compounded by higher operational costs associated with the company’s expanded capacity.

He added that the company remains sound and strong despite the dip and is optimistic of the coming quarters’ performance.

Cuscapi is a leading business solutions provider, with established and strong presence in the food and beverage, retail, hospitality, automotive, telecommunication, financial services, and public service industries. The company’s offerings also include customer relationship management, supply chain management, business intelligence, IT security, outsourcing services, as well as enterprise resource planning solutions and services.

About Cuscapi Berhad (www.cuscapi.com)
Cuscapi Berhad, listed on the Malaysian Exchange Of Securities Dealing & Automated Quotations (MESDAQ) since July 2004, was established in 1978.

With established and strong presence in the food and beverage, retail, hospitality, automotive, telecommunications, financial services, and public service industries, Cuscapi’s offerings include customer relationship management, supply chain management, business intelligence, IT security as well as enterprise resource planning solutions and services.

Cuscapi also provides numerous outsourcing services across various industries, including application hosting, application enhancements and maintenance, regional and nationwide deployment and support, business and legal process management, IT outsourcing services, and enhanced value contact centre services.

Certified as a Microsoft gold partner and was awarded the Capability Maturity Model® Integration (CMMI) Level 3, and with 50 years of combined in-depth industry experience and knowledge implementing world class solutions in more than 7,700 installed sites internationally, Cuscapi aims to create more value for its clients through maximising their businesses' customer capital.

Cuscapi has 12 nationwide service centres in Malaysia and supports clients throughout 29 other countries, namely Australia, Bahrain, Brunei, Cambodia, China, Cyprus, Egypt, Hong Kong, India, Indonesia, Jordan, Korea, Kuwait, Lebanon, Macau, Maldives, Pakistan, Philippines, Qatar, Saudi Arabia, Singapore, South Africa, Sri Lanka, Sudan, Taiwan, Thailand, UAE, United States, and Vietnam.