Managed IT services provider tTech Limited said it has entered into three more markets as the company unlocks new products and moves to strengthen the security posture of firms across the region.

On entering these markets, which are yet to be disclosed, the company’s director said the move comes as part of plans by the IT firm to bolster its strategic growth initiatives as it also amplifies customer engagement.

“During Q1, tTech made substantial progress in pursuing its strategic goals, expanding into new markets, broadening its reach and customer base and amplifying its customer engagement efforts,” CEO Norman Chen said.

Closing the three-month period ended March with slightly reduced revenues of $117.9 million and a net profit of $5.2 million, Chen also said the performance is in line as the company makes additional investments to shore up its security products.

“Our performance in the first quarter, while facing certain challenges, was in line with our expectations. We have still maintained steady revenue and profit margins, and our strategic focus on security and innovation continues to position us well for future growth. So, we remain dedicated to enhancing operational efficiency and delivering value to our stakeholders,” Chen added.

Witnessing a good uptake of its security first products, tTech’s security portfolio is said to have realised growth of almost 150 per cent, reflecting the culmination of efforts invested in previous quarters.

“This growth is a testament to the company’s commitment to transitioning into a security-first organisation. By prioritising our security portfolio and making strategic investments, tTech has laid a strong foundation for sustainable growth and value creation,” Chen further said in notes affixed to a quarterly report to stockholders.

Looking to also double down on the wave of new technologies developed around artificial intelligence, the IT firm has indicated that it will also continue to look for new opportunities to improve operational efficiencies as it improves existing products utilising these systems.

“Looking ahead, tTech Limited remains cautiously optimistic. As we navigate the evolving business landscape, the company is committed to honouring the legacy of our founders while charting a course for sustainable growth and prosperity,” the CEO said of the outlook, while reinforcing the firm’s commitment in prioritising the four pillars for growth which span enhanced operational efficiency, strategic growth initiatives, employee support and engagement and financial stability.