STC has continued to strengthen its market position with the announcement of its latest results with increasing demand for its cloud services.
Eng. Nasser bin Sulaiman Al Nasser, STC group CEO, said: “STC continues to improve its performance and achieve positive results, which reflects the company’s strong operational and financial capabilities, its success in implementing its strategy, and developing and diversifying its business by providing the latest integrated communication services, digital and technological solutions.
“As a result, revenue from various business units (BU) achieved remarkable growth in the current quarter compared to the same quarter last year due to the increase in revenue from data, wholesale BU and enterprise BU supported by the innovative products offering in the field of IoT, cloud, cybersecurity and other telecommunication products and services.”
STC is now considered a leading company in cloud computing, where it has established several platforms that have made it the largest cloud computing service provider in the region. This comes in conjunction with the increasing demand for cloud computing services in the Kingdom as one of the key platforms for IT development.
In addition, the company has become the first operator in Saudi Arabia to make 5G services available commercially with more than 600 5G sites.