KUALA LUMPUR: TIME Dotcom Bhd's earnings jumped by a third in the second quarter, boosted by higher contribution from its data centre and data products business.

       Net profit in the three-month ended June 30 rose 33% to RM92.7mil from RM69.8mil a year ago.？Revenue expanded 14% to RM347mil.

       In a filing with Bursa Malaysia today, Time dotCom said the increase in Q2 2021 consolidated revenue (excluding one-off non-recurring contract revenues) was mainly due to higher recurring data centre revenue, which grew RM27.9mil (or 75.8%) and data revenue which grew RM9.2mil (or 3.7%) respectively.

       The company said the year-on-year recurring revenue growth with the largest growth contributions seen coming from retail and enterprise customers.

       "We are hopeful for a recovery even though headwinds are expected to persist for the near term as the wider economy grapples with the cascading effects of the COVID-19 pandemic," commander-in-chief Afzal Abdul Rahim said.

       "While network availability and stability remain a priority, the Group is also poised to capitalise on opportunities that may arise in the cloud and data centre space,” he added.？