Globe logs PHP 4.5-B corporate data revenues in Q1

Globe says it recorded higher corporate data revenues in the first quarter of 2023.

Image from Globe

Increase in corporate data

Globe said in a statement that its first quarter corporate data revenues reached PHP 4.5 billion, up 15 percent versus the same period last year.

We strive to be the leading enabler of the digital lifestyle and commerce in the Philippines. The impressive performance of our corporate data segment is a clear indication that we are on the right track. We are dedicated to delivering innovative and reliable ICT solutions to our customers and driving further growth in this vital aspect of our business, said Ernest Cu, Globe Group President and CEO

One of the country’s top telcos said this was due to strong traction from information and communications technology (ICT) services, which grew by 52 percent year-on-year as enterprise digitalization continues to gain momentum.

The growth in ICT was led by cyber security services, business application solutions, cloud solutions, and data center services, consistent with the trend seen in prior years, it added.

By investing in ICT infrastructure and digital transformation initiatives, Globe said it was able to seize the expanding market for technology-driven services and maintain its competitive edge.

Some of these services are essential tools and resources like end-to-end access solutions to meet an organization’s connectivity needs which is under the enterprise group Globe Business.

There is also the Globe Business that helps businesses adjust to changing workflows and navigate the constantly evolving business landscape, ensuring consistent operational stability, continuity, and resiliency.

This arm also manages a cutting-edge network of data centers that provide hosting and management services.

Globe's success highlights the growing importance of technology in today's business environment. The company is well-positioned to continue its growth and meet the evolving needs of its customers in the years to come, the telco said.

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