Boustead unit secures $60m Australian GIS deal
The deal is expected to lift profitability and EPS for FY2027.
Boustead Singapore’s subsidiary Esri Australia has renewed an enterprise agreement with an Australian federal government department worth around $60m.
Under the agreement, Esri Australia will provide government employees access to its geographic information system (GIS) technology to create, manage, analyse, and share spatial data, according to a bourse filing.
The agreement covers the Esri ArcGIS system and after-sales software support services.
Boustead said the contract is its subsidiary’s largest enterprise agreement renewal to date. The previous renewal was in July 2023.
The group added that the contract is expected to have a positive material impact on its profitability and earnings per share for the financial year ending 31 March 2027.
However, it is not expected to have a material impact on Boustead’s net tangible asset value per share for FY2027.