Converge Information and Communications Technology Solutions Inc.
's net income inched up to P7.4 billion last year from 7.16 billion in 2021, the firm reported on Thursday.'I think it is just the simple matter of how fast [we grew] and how big we are now,' Converge cofounder and Chief Executive Officer Dennis Anthony Uy said.'So now that we are almost around P34 billion in revenue, we are happy that we grew this fast. But once you are big, the percentage growth rates would be lower,' he added.
23 billion, mostly driven from the strong revenue growth in the small and medium enterprise and wholesale segments.The SME segment continued to lead with year-on-year revenues jumping by 91.4 percent, followed by the wholesale segment increasing by 27.8 percent in the same period. Revenues from large enterprise customers grew by 14.4 percent.Actual figures were not detailed.With capital expenditures of P21.
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