The Telkom subsidiary’s revenue increased 2.4% to R3.1 billion, on the back of strong performance in the IT hardware and software business.
Telkom subsidiary BCX , which had posted declining revenue over the years, has turned the corner in the first quarter of 2024.for the three months ended 30 June, revealing that BCX revenue increased by 2.4% to R3.1 billion, on the back of strong performance in the IT hardware and software business.a revenue decline of 2.3% to R12.9 billion, amid a highly-competitive market and inflationary pressures.
According to the latest results, BCX’s IT business grew reported revenue by 7.1% to R1.8 billion, primarily driven by the continued over-performance of the software and hardware business. It adds that the growth in the IT hardware and software business is primarily due to the growth in the local business unit, with an increase of 29.8%. The IT services revenue was stable at R1.1 billion.
BCX notes legacy telephone lines continued to decline and resulted in voice revenue declines of 14.6% YOY, in line with the firm’s migration strategy.
Telkom Next-Generation Network Hardware Software Legacy Telephone Lines Financial Results
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