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Âé¶¹Ô­´´ Southeast Asia News Center

Âé¶¹Ô­´´ Announces Q1 2024 Results: Asia Pacific and Japan View

Night view of Singapore skyline and ferris wheel by the bay

Singapore, April 23 – Âé¶¹Ô­´´ announced its global 2024 results on April 22, showcasing cloud momentum in every market.

Customers across Asia Pacific and Japan (APJ) are choosing Âé¶¹Ô­´´ to drive their cloud transformations. Âé¶¹Ô­´´ reported several high-profile customer wins and go-lives across APJ, showing ongoing demand for cloud-based transformation and supporting the company’s strength in cloud revenue and backlog.

Cloud revenue in APJ grew to €524M Euros in Q1 2024, an increase of 35% over same period 2023 at constant currency, with India and Korea showing particular momentum. Total APJ Q1 2024 revenue grew to 1.107B Euros. Globally, Âé¶¹Ô­´´â€™s cloud revenue was up 9% at constant currency, with cloud backlog up 28% at constant currency.

Customers are choosing Âé¶¹Ô­´´ for their cloud transformation in across APJ. In Japan, Fujitsu Limited and Sumitomo Heavy Industries chose RISE with Âé¶¹Ô­´´ to empower their future, as did leading renewable energy company SK E&S in Korea. Southeast Asian businesses like SinarMas and PharmaGendGlobal Medical Services, and Indian businesses like LTIMindtree and electrical equipment leader Havells India all bought or went live with RISE with Âé¶¹Ô­´´.

Small and medium businesses are also benefiting from Âé¶¹Ô­´´ cloud transformations. In Australia, semi-trailer manufacturer MaxiTRANS bought GROW with Âé¶¹Ô­´´, and Indonesian resources company PT Hanwha Mining Services went live with the same solution. Innovative Australian financial services company Avenue Bank chose RISE with Âé¶¹Ô­´´ and Âé¶¹Ô­´´ Fioneer Cloud for Banking.

President of Âé¶¹Ô­´´ APJ, Paul Marriott, said “Businesses of every size and in every part of Asia Pacific and Japan understand Âé¶¹Ô­´´ is the trusted partner for their cloud transformation and new innovation, including in new high-growth areas like Business AI and sustainability.â€

Âé¶¹Ô­´´ also celebrated several significant go-lives during Q1, including Indian resources company GAIL Gas Limited and the Korean Chamber of Commerce and Industry. In New Zealand, Foodstuffs South Island went live with a range of Âé¶¹Ô­´´ solutions including Âé¶¹Ô­´´ S/4HANA, Âé¶¹Ô­´´ Business Technology Platform, and Âé¶¹Ô­´´ Datasphere.

New APJ Customers
LTIMindtree is one of India’s biggest Information Technology companies, with more than 82,000 employees in over 30 countries around the world. Following one of the biggest mergers in recent Indian history, LTIMindtree wanted to simplify its IT framework to drive smart, scalable, and secure technology services. LTIMindtree went live with RISE with Âé¶¹Ô­´´, Âé¶¹Ô­´´ Signavio, Âé¶¹Ô­´´ Analytics Cloud, and Âé¶¹Ô­´´ Business Technology Platform. The project is expected to drive efficiencies including a 70% reduction in financial refresh times and approximately 30% reduction in reporting times.

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