Taiwan Mobile Co (台灣大哥大) yesterday said that it aims to achieve double-digit profit growth this year, driven by the rapidly increasing demand for its new technology-oriented services, including artificial intelligence (AI) and cloud-based solutions.
Taiwan Mobile president Jamie Lin (林之晨) told a media briefing in Taipei that double-digit profit growth is also the company’s long-term goal.
The company’s strategy is to expand beyond its core telecom business to provide technology-driven services in three major segments: AI, cybersecurity and cloud-based services, he said.
Photo: CNA
Technology-oriented services accounted for more than half of the company’s consolidated revenue last year, and this contribution is expected to grow further, Lin said.
Enterprise services are projected to account for a double-digit percentage share of the company’s total revenue, he said.
This year, Taiwan Mobile aims to increase its enterprise revenue by 20 percent, fueled by strong demand for cloud-based AI services and cybersecurity solutions, he added.
As a result, the company expects enterprise services to grow faster than its overall telecom services revenue, which is forecast to increase by 5 to 7 percent annually, he said.
“We aim to grow our enterprise service revenue by 20 percent this year. Within this segment, cloud-based and AI services are expected to grow 223 percent annually, followed by a 94 percent growth in cybersecurity solutions,” Taiwan Mobile chief enterprise business officer Shing Chu (朱曉幸) said.
Last year, Taiwan Mobile’s revenue grew 9 percent year-on-year to NT$199.37 billion (US$6.75 billion), while net profit increased 13 percent to NT$13.82 billion. Earnings per share rose to NT$4.57, the highest in six years.
Telecom services accounted for 43 percent of the company’s total revenue last year, while its online and TV retailing subsidiary, Momo.com Inc (富邦媒體), was the largest revenue contributor, accounting for 56 percent.
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