#Globe has marked a new high in its corporate data business, witnessing a significant 10% YoY growth in revenues, hitting an all-time high of nearly Php 5 billion in Q1 2024.
This considerable rise in corporate data revenues highlights Globe’s continuous commitment to aiding enterprise clients and promoting digital transformation across diverse sectors.
The Q1 upsurge was primarily fueled by the exceptional performance of core accounts, which experienced a 12% growth from the previous year, coupled with a 7% revenue increase from Information and Communications Technology (ICT) services. Sequentially, corporate data revenues showed a robust growth of 4%.
“We take pride in our corporate data business showing extraordinary resilience, exceeding performance goals despite challenging market conditions. Globe’s triumph in this segment is a reflection of its agility and customer-focused approach, ensuring that our product offerings stay relevant and valuable in an increasingly digital business environment,” stated Ernest Cu, Globe President and CEO.
Globe’s ICT services provide a wide range of options tailored to meet the evolving demands of businesses striving to excel in a digital-centric world. These services encompass cloud computing and cybersecurity, guaranteeing efficient and secure operations for organizations in today’s interconnected ecosystem.
Globe’s cloud services provide scalable solutions for data storage, backup, and application hosting, empowering businesses to securely and effectively leverage the full potential of cloud computing. Concurrently, Globe’s cybersecurity solutions offer top-notch protection, safeguarding sensitive data against cyber threats and ensuring uninterrupted business operations.
“As businesses steer through the intricacies of digital transformation, Globe is committed to being a reliable partner in their path towards innovation and growth,” Cu added.
The remarkable performance of Globe’s corporate data business aligns with its strategy to augment service offerings and fortify its market position in the ICT sector. This accomplishment mirrors the company’s robust foundation and agile response to swift technological advancements and changing market demands.
Globe continues to invest in technology and infrastructure that bolster the long-term growth of its corporate data services and the success of its clients. This strategy is integral to Globe’s mission to enrich lives through top-tier services and assist businesses in achieving their digital transformation objectives.
FAQs
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What led to the surge in Globe’s corporate data revenues in Q1 2024?
- The surge was primarily driven by the exceptional performance of core accounts and a 7% revenue increase from ICT services.
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What services does Globe offer to businesses?
- Globe offers a wide range of ICT services, including cloud computing and cybersecurity, to help businesses operate efficiently and securely.
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What is Globe’s approach towards digital transformation?
- Globe is committed to being a reliable partner for businesses navigating the complexities of digital transformation, offering services that remain relevant and valuable in the digital business landscape.
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What is Globe’s strategy for its corporate data business?
- Globe aims to augment service offerings, fortify its market position in the ICT sector, and invest in technology and infrastructure that bolster the long-term growth of its corporate data services.