Strong demand for residential and enterprise services pushed Converge ICT Solutions Inc.’s net income up 12.4 percent to P5.9 billion in the first half of the year, with revenues climbing 11.6 percent to P21.8 billion.
In a stock exchange report on Wednesday, the company said residential revenues climbed 10.4 percent to P18.4 billion and enterprise revenues surged 18.3 percent to P3.4 billion.
“As Converge pushes ahead with its aspiration to become a forward-looking technology company, we’ve made strides towards further building our digital infrastructure, elevating our product offerings, and strengthening our leadership bench.
We hope to enrich the lives of every Filipino through our digital innovations,” Converge CEO and Co-Founder Dennis Anthony Uy said.
The company added over 260,000 residential fiber subscribers in the period, bringing its total base to 2.8 million.
Converge recently rolled out a refreshed corporate identity to mark its transition from a traditional telecommunications provider to a technology company.
It secured full Tier III certification for its Caloocan Data Center from the Uptime Institute and landed the trans-Pacific Bifrost Cable System in Davao to boost global connectivity.
To support its growth, Converge elected Park Weongi, former CEO of NAVER Cloud, to its board and made key leadership appointments, including Benjamin Rex Emilio B. Azada as chief operations officer.