Globe corporate data revenue soars 10 percent, reaches Php5B in Q1 2024

Globe Telecom has achieved a significant milestone in its corporate data business, recording a remarkable 10% year-on-year increase in revenues, amounting to approximately Php 5 billion in the first quarter of 2024.

The substantial growth underscores Globe’s commitment to supporting enterprise clients and fostering digital transformation across various industries.

The impressive revenue surge was primarily driven by the stellar performance of core accounts, which experienced a 12% increase from the previous year, coupled with a 7% rise in revenues from Information and Communications Technology (ICT) services. On a quarter-on-quarter basis, corporate data revenues showed a healthy growth of 4%.

“We are happy to see our corporate data business demonstrating remarkable resilience, surpassing performance targets amidst challenging market conditions. Globe’s success in this segment is a testament to its agility and customer-centric approach, ensuring that product offerings remain relevant and valuable in an increasingly digital business landscape,” said Ernest Cu, Globe President and CEO.

Globe’s ICT services provide a comprehensive array of options tailored to meet the dynamic demands of businesses striving to excel in a digital-first world. These services include cloud computing and cybersecurity, which are essential for organizations to operate efficiently and securely in today’s interconnected environment.

Globe’s cloud services offer scalable solutions for data storage, backup, and application hosting, empowering businesses to fully leverage cloud computing securely and effectively. Concurrently, Globe’s cybersecurity offerings provide top-tier protection, safeguarding sensitive data against cyber threats and ensuring continuous business operations.

“As businesses navigate the complexities of digital transformation, Globe is dedicated to being a trusted partner in their journey towards innovation and growth,” added Cu.

The impressive performance of Globe’s corporate data business is a strategic component of its efforts to enhance service offerings and solidify its market position in the ICT sector. This achievement reflects the company’s robust foundation and agile response to rapid technological advancements and evolving market needs.

Globe remains committed to investing in technology and infrastructure that support the long-term growth of its corporate data services and the success of its clients. This approach is central to Globe’s mission to enrich lives through world-class services and to help businesses achieve their digital transformation goals.