We have been asked to clarify the following statement that was made in the article entitled "ECS ICT stays bullish" appearing in the StarBizWeek section of The Star on 7 January 2012.
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The Company would like to have a growth rate of between 7% and 8% for FY 2012 to be in line with the market growth forecast provided by International Data Corporation (IDC) for Malaysia's Information Technolody Spending for 2010 (Source: IDC Report, September 2011). Based on the Company's revenue of RM686.0 million in 2005 and revenue of RM1,272 million in 2010, the Company's Compounded Annual Growth Rate (CAGR) was 13.1% per annum for the past five years.