PETALING JAYA: Information and communications technology (ICT) distributor Vstecs Bhd
reported a 24% rise in net profit to RM17.8mil for the first quarter ended March 31, 2025 (1Q25) compared to 1Q24, supported by broad-based revenue growth across the company’s business segments.
The company reported 1Q25 revenue that increased 12% to RM691.7mil compared to 1Q24 on contributions from its enterprise systems and ICT services segments, which recorded year-on-year (y-o-y) increases due to strong digitalisation trends.
ICT services saw a 37% y-o-y increase in revenue on sustained demand for cloud solutions and related services. Chief executive officer J H Soong said the quarter “is our best 1Q performance and signals a strong start to FY25”.
