Financial Highlights
In Q2 2026, iDev achieved total revenue of RM 120 million, a 45% increase year-over-year and 18% quarter-over-quarter. Cloud services contributed RM 58 million in revenue, up 67% YoY, making it the fastest-growing segment.
Business Analysis
Enterprise digital transformation services remained strong with new contract value reaching RM 85 million. AI-related service revenue surpassed the RM 20 million milestone for the first time, validating the company's strategic positioning in AI.
Outlook
Management is confident about H2 performance, raising full-year revenue guidance to RM 450 million, with expected annual growth of no less than 40%.
Small team, big output. iDev builds web apps, AI solutions and custom systems with startup speed and enterprise quality. Based in Malaysia, serving Southeast Asia. Free consultation.
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