DMX

DMX: CLOUD COMPUTING will be the next growth driver of the IT industry, according to DMX CEO. Grp note that global capex in cloud computing is forecasted to grow about 19.8% to US$109b this yr, vs a muted 3% for global IT spending. DMX will also continue to differentiate itself in the IT market through its expertise in security solutions and services, an area where IT spending will still be allocated, while capitalizing on its regional presence to provide one-stop solutions and services to multinational corporations across Asia. Co. posted a 13.2% year-on-year increase in 2Q2012 revenue to US$91.1 million and a 13.7% rise in net profit attributable to shareholders to US$4.7 million.