28 Mar '11, 2pm

SingTel bullish on cloud computing

SINGAPORE: SingTel has raised its forecast of contribution of cloud computing to its revenue. The telco now expects the segment to now grow as much as 70 per cent each year until 2014, instead of the previously estimated 50 per cent. This is on the back of a strong take-up rate for its services, and also as more companies think of business continuity measures in the wake of the massive earthquake and tsunami in Japan. Cloud computing is Internet-based, and shared services, resources and software are provided to users on demand. The destruction caused by the massive earthquake and tsunami in Japan more than two weeks ago has left many companies to pick up the pieces. SingTel said many of its customers are now thinking more about disaster-recovery measures, and how they can leverage on cloud computing for the business continuity. SingTel Business Group EVP Bill Chang said: "...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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