DFNN has expanded its management team with new appointments in key roles.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- The gaming technology firm DFNN Inc <\/strong>has announced several leadership changes. Its current chief operating officer (COO), Ricardo F. Banaag<\/strong>, has been promoted to president and CEO and joins the board of directors. The move follows the departure of Calvin Lim<\/strong>, who will now serve as the executive operating director. <\/p>\n\n\n\n Meanwhile, DFNN has appointed Donaldo Limcaco <\/strong>as chief information officer (CIO) and as COO of various operating subsidiaries. Jacob Edel <\/strong>has been named vice president of marketing.<\/p>\n\n\n\n Banaag previously worked as president and country manager at Intel Microelectronics Philippines. Limcaco has over three decades of experience in management consulting for Fortune 500 companies across Asia, North America, and Europe. Edel has global marketing expertise including at IBM, Pokerstars, and Betway.com.<\/p>\n\n\n\n DFNN has recently shared its financial results for the fiscal year 2022. It posted a 69 per cent increase in revenue to PHP905.8m (US$16.1m) while EBITDA amounted to PHP228.7m (US$4.1m) versus a loss before interest, taxes, depreciation and amortization of PHP252.2m yearly.<\/p>\n\n\n\n Gross profit was up 333.1 per cent year-on-year from PHP135.5m (US$2.41m) to PHP586.6m (US$10.43m). Net income grew 117.3 per cent when compared to the previous year to PHP73.9m (US$1.31m). According to the company, this was “a direct effect of the significant increase in the sales and operations of all the company\u2019s business streams.”<\/p>\n\n\n\n Revenue from share-based income generated from interactive operations increased by 69.4 per cent year-on-year to PHP698.6m (US$12.42m). Revenue from the development and maintenance of software solutions<\/strong> rose to PHP188m and sales of software and application licences amounted to PHP19.2m, up 18.1 per cent year-on-year.<\/p>\n\n\n\n The company said: “DFNN is well-positioned to pursue its growth plans and achieve even greater success in the years to come with a consolidated cash and cash equivalent of PHP99.2m and no significant long-term debt.”<\/p>\n","protected":false},"excerpt":{"rendered":" DFNN has expanded its management team with new appointments in key roles.<\/p>\n","protected":false},"author":176,"featured_media":10260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"DFNN Inc., a Philippines-based gaming technology firm, has announced significant leadership changes, promoting Ricardo F. Banaag to President and CEO, and appointing Donaldo Limcaco as CIO and Jacob Edel as VP of Marketing. Concurrently, the company reported robust FY2022 financial results, including a 69% revenue increase to PHP905.8m and a 117.3% rise in net income, driven by growth across all business streams.","focusai_entities":"DFNN Inc, Ricardo F. Banaag, Calvin Lim, Donaldo Limcaco, Jacob Edel, Intel Microelectronics Philippines, IBM, Pokerstars, Betway.com","focusai_location":"Philippines, Asia, North America, Europe","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.75), tech_data (0.8), marketing_crm (0.85), investor_analyst (0.98), supplier_vendor (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"DFNN's Tech Roadmap?","query":"What are the strategic implications of the new CEO's prior experience at Intel for DFNN's technology roadmap, particularly concerning B2B platform scalability and market expansion in emerging iGaming jurisdictions?"},{"label":"CIO's Impact on Governance?","query":"How will the new CIO's extensive management consulting background influence DFNN's platform architecture, data governance frameworks, and cybersecurity posture for its interactive operations and software solutions?"}],"footnotes":""},"categories":[157,16333],"tags":[],"class_list":["post-777005996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777005996"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005996\/revisions"}],"predecessor-version":[{"id":777006023,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005996\/revisions\/777006023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10260"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}