PETALING JAYA: Vstecs Bhd will be focusing on enterprise and public-sector data centres for this year.
In a filing with Bursa Malaysia, the company said its recent launch of the AWS cloud services distributorship and potential new enterprise products will boost its profit and revenue.
“We are excited about the new consumer and enterprise products to be launched this year and we are optimistic of the second quarter and the balance of 2024,” it said.
VSTECS’ net profit for the first quarter ended March 31, 2024 (1Q24) dipped slightly to RM14.32mil from RM14.85mil.
Meanwhile, revenue in 1Q24 slipped to RM616.36mil from RM664.74mil in the previous corresponding quarter.
VSTECS said the revenue drop was attributable to the lack of project deals from Enterprise Systems due to the festive seasons.
Basic earnings per share stood at four sen in 1Q24, compared with 4.20 sen in 1Q23.
Last week, VSTECS, via its wholly-owned subsidiary, VSTECS KU Sdn Bhd, announced that it would offer AWS’ portfolio of highly scalable and cost-effective cloud services, including compute, storage, databases, analytics, networking, and application services to enterprises in the private and public sectors in Malaysia.
The firm said its network of channel partners and expertise in cloud services will ensure access and support for businesses looking to migrate to the cloud.