AIT to bump revenue 10%

Advanced Information Technology, a SET-listed ICT solution provider, has set an ambitious growth revenue target of 10% this year based on the government’s digital economic policy.

Chief executive Siripong Oontornpan said AIT is expanding to provide services for cloud computing and virtualisation systems to capture demand from state agencies and telecommunications and service providers.

Demand has driven the growth rate of cloud and virtualisation businesses as high as 30% a year, he said.

Last year AIT booked 6.2 billion baht in revenue, and this year it expects the figure to rise 10% to 6.8 billion.

State agency IT firms have generated as much as 90% of AIT’s total revenue, especially TOT Plc and CAT Telecom, which spend a combined 3 billion baht on average per year.

Mr Siripong said state IT projects this year will be worth 10 billion baht.

AIT signed a partnership deal yesterday with three global tech firms to improve its services. NetApp, VMware and F5 Networks agreed to provide cloud and virtualisation platforms with certificates to AIT.

A consortium of AIT, Samart Telcoms and Loxley is scheduled to sign an agreement next month with the Lands Department in Laos for a project worth 200 million baht. SLA Asia Co, the consortium, was set up last year with initial registered capital of 30 million baht to offer ICT solutions in the Asean market.

Target clients in the early stages are Thai banks and communications providers that want to expand in Asean, while in the long run it will focus on state infrastructure projects.

Shares of AIT closed yesterday on the SET at 40.25 baht, up 75 satang, in trade worth 20.75 million.