VSTECS upbeat on the enterprise sector

Soong says the industry is seeing a significant increase in enterprise spending on technology and the trend is likely to extend beyond 2023.

PETALING JAYA: Vstecs Bhd expects the higher interest rate environment in the country to negatively impact consumer spending and sentiment.

The information and communications technology (ICT) company said the demand for consumer products would likely slow for the next few quarters but the enterprise sector would remain resilient with opportunities from cloud services and data centres. “We continue to work on large project opportunities from the government-linked companies and public sector.