Globe Q3 Corporate Data Revenues Soar to Record High
Nov 23, 2022
Globe’s Corporate Data revenues soared to another record level at ₱12.5 billion as of the third quarter of the year, or a 21% increase from a year ago. The amount was 31% higher than the 2019 pre-pandemic level of over ₱9 million.
This was mainly due to strong traction from information and communications technology (ICT) services which grew 96% year-on-year.
Growth from ICT was largely from business application services (BAS), cloud services, and data centers. Corporate Data revenues were higher by 4% compared to last quarter also due to BAS and cloud services.
“Our solid growth was a result of helping businesses embrace change through digital solutions. Together with our customers we face every challenge with passion and resolve. It is our goal to be the preferred partner of enterprises, whether big or small, in their digital journey. Hence, we will continue to explore optimal solutions for every business need to help our customers weather the economic storm. In turn, they can focus on profitability and service quality,” said Globe Group President and CEO Ernest Cu.
Corporate Data is handled by Globe Business, which provides end-to-end premium-grade access solutions designed to address specific business connectivity requirements, whether local or international.
The brand also allows businesses to quickly adapt to shifting workflows and navigate the ever-changing business landscape by ensuring operational stability, continuity and resiliency with its cloud solutions.
Globe Business also operates several data centers that offer hosting and management. The data centers provide the performance and reliability enterprises can count on to ease their worries on day-to-day operations.
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