
KUALA LUMPUR (April 23): Vetece Holdings Bhd (KL:VTC), an enterprise IT firm, has secured a contract valued at RM39.63 million to provide Salesforce’s customer relationship management cloud software to a Malaysian utility company.
The job, awarded to its unit Vision Technology Consulting Sdn Bhd on Thursday, covers subscription, maintenance, support services, as well as enhancement services, according to the ACE Market-listed company’s bourse filing.
The contract's tenure was not disclosed, though Vetece noted it is expected to be delivered over the financial years ending Aug 31, 2026 (FY2026) up to FY2029. It is expected to contribute to its earnings over the period.
The client’s identity was not disclosed in the filing. Vetece described it as a “leading Malaysian utility company”.
For its first financial quarter ended Nov 30, 2025, Vetece logged a net profit of RM1.13 million, down 23.3% from RM1.48 million a year earlier. Revenue was marginally higher at RM5.05 million compared to RM5.02 million.
Shares in Vetece ended four sen or 21.05% higher at 23 sen, valuing the company at RM87.91 million. Compared to its listing price of 25 sen in August 2024, the counter is down 8%.