PLDT Inc. posted a record P34.1 billion of revenues in 2017 from its enterprise business, up 11% from the previous year.

In a statement, PLDT said that its information and communications technology (ICT) service revenues increased by 26%, lifted by the 59% increase in Managed IT services and the 49% growth in cloud services, while data center services such as co-location, peering, and managed server hosting services also posted a double-digit 10% year-on-year growth.

Managed IT services include Business Process Outsourcing (BPO), Managed Service Desk, Managed Infrastructure, ERP Implementation, and Application Lifecycle Support while Cloud service include infrastructure-as-a-service (IaaS), Software-as-a-Service (SaaS), Contact Center-as-a-Service, and Cloud Professional Services.

PLDT Enterprise has said that it eyes more business ventures and investments in information and communication technologies and infrastructure expansion this year.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Patrizia Paola C. Marcelo