PLDT sustains growth in digital service revenues

The information and communication technology revenues of PLDT Enterprise reached PHP5.59 billion, increasing by 6 percent from PHP5.3 billion for the same period last year.(Photo: PLDT/ Facebook)

MANILA — The digital enterprise unit of local telco giant PLDT, Inc. has registered a strong performance for the first quarter of the year, driven by its ongoing nationwide deployment of digital services.

The information and communication technology revenues of PLDT Enterprise reached PHP5.59 billion, increasing by 6 percent from PHP5.3 billion for the same period last year.

The growth in revenues were contributed by Data Center revenues, which was higher by 14 percent, Managed IT services up by 23 percent, and Cloud Infrastructure and Software as a Service, which increased by 51 percent.

Overall, data, broadband and digital platforms continue to drive PLDT’s revenue growth, increasing by 13 percent to PHP18.3 billion at the end of March 2018, accounting for 50 percent of total service revenues for the first three months of the year.

“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,” Jovy Hernandez, Senior Vice President and head of PLDT and Smart Enterprise Business Groups, said in a statement released Wednesday.

“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. 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.

PLDT has recently opened its second VITRO Data Center in Cebu province, which is expected to further strengthen the delivery of data services to enterprises in various sectors, such as banking and finance, business process outsourcing, retail and small and medium enterprises.

The telco has 10 data centers across the country, raising its total capacity to more than 9,000 racks.

The net income of PLDT has reached PHP7 billion for the first quarter of 2018, which increased by 41 percent from PHP5 billion for the same period last year.

The firm has allocated PHP58 billion for this year, which will be utilized for the rollout of its fixed and mobile networks.