Revenues up 12% YoY, EBITDA grows 15.7% YoY led by strong growth in data business
Globe Business, the enterprise information and communications technology (ICT) arm of Globe Telecom, has led the digital transformation of the country’s top enterprises in 2015 following the strong performance of its enterprise data and broadband segments.
Full-year enterprise revenues in 2015 have grown by 12% versus previous year, while EBITDA increased by 15.7%, primarily driven by the growth in data business at 18%. Various IT-enabled enterprise services have also seen strong take-up such as Enterprise Infrastructure-as-a-service (IAAS) with revenues growing by 190%, Managed Security Services with revenue growth of 2233%, and Business Applications growing by 428%.
“Understanding that speed is integral in establishing a real competitive advantage, Globe Business is accelerating the adoption of data and digital services across Philippine enterprises. We are proud of our technological arsenal, which boasts of a complete portfolio of connectivity solutions that enable our enterprise clientele to get ahead with the fast-changing market landscape,” affirms Mike Frausing, Senior Advisor for Enterprise and IT-Enabled Services Group.
The connectivity solutions of Globe Business cover data, Internet and managed connectivity capabilities, delivering high-speed data spanning across the world, assuring enterprises of reliability and traffic fluidity through its cable diversity. This enables cost-effective and resilient connectivity to other countries and other international submarine cable systems.
With the growing trend for enterprises to go fully-digital and as part of its commitment to enable a digital nation, Globe Business is sustaining momentum this year with its industry-focused solutions to address specific business painpoints of its industry verticals, leveraging on the latest ICT capabilities and innovations that will drive global competitiveness.
Companies in the retail industry, for instance, can benefit from managed security services, mobility solutions, and connectivity solutions that Globe Business offers. On the other hand, the IT-BPO industry can maximize ICT to its fullest potential with solutions such as Canvas, Globe Work Ready Seats and Media Store facilities to boost work efficiencies and employee productivity. Globe Business is also strengthening its focus on the education industry to provide schools with innovative and interactive learning tools with solutions such as Learning Management System, Virtual Private Cloud and the School Management System. Finally, the logistics industry can leverage on ICT to boost operations for companies using solutions such as M2M Fleet Management, managed connectivity services and Canvas.
“One of the key components of building a digital nation is building a digital enterprise, and our goal at Globe Business is to leverage on its growth on data business as well as our IT-enabled services to help enterprises perform more than what is usual,” added Frausing. “By being passionate as our clients are with their business, we will be able to notch consistent growth in revenues and surpass expectations for the business and from our customers.”
Globe also expects to see the completion of a new submarine cable system by end of the year, directly connecting Southeast Asia to the United States (SEA-US). The SEA-US undersea cable system will provide superior latency, delivering an additional 20 Terabits per/second design capacity, utilizing the latest 100 gigabits per second transmission technology. This new cable system will also help underpin local economic growth as it provides support for expanding business requirement for data. The said advances will also sustain the growth of digital trends such as cloud computing, mobile web services and e-commerce to name a few.
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