PT Digital Mediatama Maxima Tbk. (DMMX), a subsidiary of MCAS through NFCX focused on digital cloud advertising (combined Managed Services and Infrastructure as a Services), as core business, booked strong revenue growth of 64.6%YoY in 1Q20. This represents a larger recurring revenue base, received from providing service support and/or rental for screens that we rolled out at clients’ sites, reaching a total of 9,700++ screens (+68.9% YoY), as of March 2020. We remain focused on expanding (rolling-out) digital cloud screens among Brick-and-Mortar partners, especially minimarkets, given their strategic importance as core growth drivers yielding steady and healthy recurring income in the future.
Thus, between April to mid-May 2020, screen deployment continued with 300++ screens added to our cloud advertising platform, contributing to a total of 10,000++ screens (approx. 76% higher vs. end-May 2019). Looking at future trends, DMMX starts to assess the possibility of developing a digital cloud signage business as part of Office Solutions. This is to support “New Normal” implementation for small-and-medium enterprises (SMEs). One of the solutions that we hope to arouse interest is integrated meeting rooms with a video conference feature