CDC CONTINUES TO OUTPERFORM IN H1, 2013
12 Jul 2013 11:19
CYBERJAYA, July 10 (Bernama) -- Commerce Dot Com Sdn. Bhd. (CDC), the solutions
provider of the Malaysian Governmentâ€™s Electronic Procurement system
'ePerolehanâ€™ continues to record a positive growth trend and outlook for the
first half of 2013.
Speaking at the CDC Directions Mid-Year Review 2013 at Cyberjaya, Chief
Executive Officer, Muzafar Kamal Shahaluddin gave a positive outlook for the
year ahead, saying the company has been a consistent outperformer for the past
seven years and is confident to exceed its annual target revenue of RM125.3
million for the financial year ending 31 December 2013. He revealed that CDC has
posted total revenue of RM53.94 million, a 20.3% increase against the mid-year
target of RM44.8 million. CDC has set two Headline Key Performance Indicators
(â€œKPIâ€) of revenue contributions comprising transaction via the ePerolehan
system and Supplier Registration including value added services.
On another note, the progress of the development of the new ePerolehan system
known as NextGen ePerolehan continues to progress within the specified project
timeline in which it has reached 20% from the total completion.
Having established itself as the de-facto leader in Government electronic
procurement (GeP) solution in Malaysia through the ePerolehan project, Muzafar
unveiled CDCâ€™s five year growth plan to turn the company as a global leader in
GeP solutions provider. â€œCDCâ€™s business momentum is expected to grow
aggressively where revenue is targeted at RM300 million by year 2018.â€ Muzafar
added. Apart from maximising its current revenue contributions, CDC will
leverage on its strong domestic positioning and niched capabilities to expand
its eProcurement solutions within the public sector organisations and other
Given the strong interest by other developing countries towards the ePerolehan
project, CDC is poised to expand into the international market through the
potential engagements with other countries for the development and
implementation of the GeP initiatives. Hence its future revenue streams will be
largely generated from the domestic expansion and its foray into the
international market for GeP solutions. Muzafar added that within the next two
years, CDC will undertake all-round improvements in product, people, processes
The event also saw that the mid-year operational and divisional KPI performances
are well on track which demonstrated the determination of the company towards
achieving its set goals and objectives.
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About Commerce Dot Com Sdn. Bhd.
Incorporated on 21 June 1999 as an e-commerce service provider, Commerce Dot Com
Sdn. Bhd. (CDCSB) was granted by the Government of Malaysia the exclusive right
to implement and operate the Government's electronic procurement system,
ePerolehan. A company within Puncak Semangat Group, CDCSB also markets certain
eGovernment applications based on the ePerolehan system abroad.
CDCSB also operates 16 eP Centres (ePerolehan customer service centres) in the
countryâ€™s major cities with more to be operational in the immediate future.
For further information, please visit www.commercedc.com.my
SOURCE : Commerce Dot Com Sdn Bhd (CDCSB)
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