Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

PLDT sees enterprise business driving growth

PLDT sees enterprise business driving growth – BusinessWorld Online


      
      
      
      
      








WIKIMEDIA COMMONS/PATRICKROQUE01

PLDT Inc. expects its enterprise business to continue driving growth amid rising demand for connectivity and technology solutions.

“Obviously, it is a very tough market right now, but I also think that we are well positioned to take advantage of the emerging needs of a lot of our customers,” PLDT Senior Vice-President and Enterprise Business Head Patricio S. Pineda III said in an interview with BusinessWorld on the sidelines of the BusinessWorld Economic Forum last week.

Mr. Pineda said the full information and communications technology suite, as well as the company’s strength in international markets, will support overall performance this year.

“All of these things come into play with us being quite competitive,” he said, adding that the strength of PLDT’s data center business will also propel the company’s growth.

For the first quarter, PLDT logged an attributable net income of P9.03 billion, down 8.04% year on year.

Total revenues rose 1.95% to P55.28 billion for the January-to-March period from P54.22 billion a year earlier.

Service revenues increased 2.34% to P53.42 billion from P52.2 billion, accounting for the bulk of the topline. Non-service revenues fell 8.38% to P1.86 billion from P2.03 billion.

Enterprise revenues reached P11.9 billion, driven by sustained demand for connectivity and digital solutions across sectors. Corporate data and ICT revenues grew 1% to P8.8 billion.

At the stock exchange on Monday, PLDT shares rose P40 or 3.25% to close at P1,271 apiece.

Hastings Holdings Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings Inc., holds a majority stake in BusinessWorld through the Philippine Star Group. — Ashley Erika O. Jose

CEDTyClea





    You May Also Like

    Finance

    Gary Neville is known to most as a football legend – a stalwart of Manchester United and England, a leader on the pitch, and...

    Stock Markets

    PHILIPPINE President Ferdinand R. Marcos, Jr. met with Laos Prime Minister Sonexay Siphandone on May 26 as part of the 46th ASEAN Summit and...

    Stock Markets

    1 of 3 CHINESE AUTO giant Geely Auto recently arranged an international media tour predicated on the Auto Shanghai 2025. In a release, the...

    Finance

    Tesla has encountered legal headwinds in its push to trademark the terms “Robotaxi” and “Cybercab”, dealing a blow to the company’s highly anticipated autonomous...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.