In Part 2 of her interview with Karamjit Singh, MDeC CEO Yasmin Mahmood talks about what keeps her awake at night, and why the perception about her interest on the Infotech cluster is wrong.
Performance of homegrown MSC companies in the recent 2012 MSC financial performance shows the three clusters of Share Services, InfoTech and Creative Multimedia growing steadily rather than on a fast growth trajectory.
While total revenues, jobs creation and exports were up, there was a slowdown in some areas of MSC Malaysia, but national ICT custodian MDeC was sanguine, saying quality mattered more than quantity.
MSC Malaysia companies in the InfoTech Cluster that are Malaysian-owned chalked up an impressive US$2.6 billion in local sales last year.
Asked if he thought 2011 was an inflection year for MSC Malaysia companies in terms of their overall revenue performance, Datuk Badlisham Ghazalie, chief executive officer of Multimedia Development Corporation, thought hard for a good five seconds and answered with a firm, “No. The best is yet to come.” That may be so, but there are challenges too.
A key strategy for MDeC pushing forward is the stacking strategy that it has begun employing for its MSC companies, in which one large company takes the lead and works with a number of smaller companies that have complementary solutions that address the customer’s needs. This approach creates a stronger value proposition for customers too.
The Multimedia Development Corporation says that the MSC Malaysia’s 2011 performance was its best to date, showing strong growth and exceeding targets.