Globe reported an all-time high of ₱18.3 billion in Corporate Data revenues in 2023, outpacing the prior year’s performance by 7%. This milestone was mainly spurred by the strong demand for Information and Communications Technology (ICT) services, which grew 14% year-on-year.
The fourth quarter of 2023 also witnessed a 6% increase in Corporate Data revenues, reflecting robust growth in cloud and cybersecurity services.
Globe's ICT services encompass a comprehensive range of solutions tailored to meet the changing needs of businesses in a digital world. With a focus on innovation and reliability, Globe provides all kinds of enterprises with the tools they need to streamline operations, serve customers better, and facilitate progress.
Additionally, Globe's cloud services offer flexible and scalable options for data storage, backup, and application hosting, empowering organizations to leverage the benefits of cloud computing securely and efficiently.
Globe's cybersecurity services also provide unparalleled protection against cyber threats, safeguarding sensitive data and ensuring business continuity.
"We are glad to see our Corporate data service revenues growing as we continue to explore optimal solutions to support our enterprise clients and provide them with more ways to embrace digital transformation. Despite the challenges posed by the current economic landscape, we remain focused on delivering value and enhancing our offerings across our business lines," said Ernest Cu, Globe Group President and CEO.
The exceptional performance of the Corporate Data business, along with the mobile segment, complemented by the strong expansion of non-telco services, was also instrumental in achieving Globe's record-breaking consolidated service revenues in 2023.
Consolidated service revenues reached ₱162.3 billion, representing a 3% increase from 2022’s previous record of ₱158.0 billion. This accomplishment underscores Globe's unwavering commitment to delivering exceptional services to its customers while driving sustainable growth across all business segments.
With a strong foundation in ICT services and a commitment to innovation, Globe is well-positioned to capitalize on emerging opportunities and drive sustainable development in the years to come.
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PSE: GLO
