PLDT’s ENTERPRISE grew at P12.5B, a 4% increase year-on-year, being the main growth driver among its consolidated service revenues that is propelled by ICT and digital infrastructure.
Total corp data and ICT reached at P9.3B (5% increase) accounts to 75% of the total enterprise revenues. ICT revenues were up to 17%, while tech services was at 25% which includes managed IT services, data and AI, and data center.
Additionally, the growth was also seen on fiber lines (6%), SD-WAN lines (17%), and 3rd part racks (6%) where their key successor is PLDT’s “One Enterprise” model that deepens client engagement.
“PLDT has the largest enterprise footprint in the country with many of our client relationships starting from connectivity. We are now modernizing that base through higher value solutions like SD-WAN,” PLDT chief financial officer Danny Yu said during an online briefing on Thursday, May 14.
Yu highlighted that the company’s fastest growing subsidiary is ePLDT, a long established technology partner that supports government and private sector digital transformation.
It also has the highest growth revenue of 34% increase among other subsidiaries supported by steady demand from both public and private sector clients.
PLDT’s net service revenues is at a stable P48.9B and were held back by temporary factors namely home system migration and pressured consumer wallets caused by the soaring fuel prices triggered by the Middle East conflict.
