KUALA LUMPUR: Vetece Holdings Bhd’s wholly owned subsidiary, Vision Technology Consulting Sdn Bhd (VTCM) has accepted a purchase order for a global software vendor's software licences amounting to approximately RM25mil.
In a Bursa Malaysia filing, Vetece stated that the contract is expected to be completed within FYE2025. It falls under the company's hardware and software resale segment, which generally yields a lower gross profit margin than its implementation, maintenance, support, and professional services segments.
Vetece expects the contract to contribute positively towards the future earnings and net assets of the group for the financial year ending Aug 31, 2025.
