Revenues of PLDT data business up
PLDT Inc. said the shift of more companies to digital continues to fuel the strong growth of its corporate data and digital businesses and unit ePLDT in the first quarter of 2018.
PLDT Enterprise posted a total service revenue of P5.59 billion for its corporate data and ICT businesses in the first quarter of 2018, up 6 percent from P5.30 billion year-on-year.
Contributing to the robust growth in ICT were data center revenues, which increased 14 percent; managed IT services, up 23 percent; and cloud infra and software-as-a-service, which jumped 51 percent.
Overall, data, broadband, and digital platforms continue to power PLDT’s revenue growth, increasing by 13 percent to P18.3 billion at the end of March 2018 and accounting for 50 percent of total service revenues in the first quarter of 2018, up from 45 percent a year ago.
“We continue to grow in the right places—specifically data and digital services. We are setting the pace for industries and are building on our lead,” senior vice president and head of PLDT and Smart Enterprise Business Groups Jovy Hernandez said.
“Growth in this vital space is being powered by the growing efforts of companies to go digital. And it’s not just large companies. Small and medium scale companies are also making the shift. That’s why more companies are signing up for services like cloud and managed services,” he said.
“We are keen on upholding PLDT’s position as the preferred digital partner for enterprises by building up our digital infrastructure and enhancing our expertise to help clients execute their digital pivot,” he added.
Further strengthening its digital services, PLDT recently opened its second VITRO Data Center in Cebu, the 10th for the PLDT Group, raising its total capacity to over 9,000 racks.
The latest VITRO Data Center in Cebu strengthens the initiatives of PLDT Enterprise to provide the data center, colocation, and disaster recovery requirements of data-intensive industries such as banking and finance, BPOs, retail, and SMEs.