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T-Systems Aims for EUR 1 Billion in Cloud Revenue by 2015

Telekom’s subsidiary T-Systems aims to achieve annual revenue of roughly one billion euros, or one seventh of its total revenue, with its cloud business in 2015.  T-Systems had cloud revenue of about 400 million euros in 2012.

T-Systems cited a number of hosting and cloud service contracts signed in recent months, including deals with Shell, BP and the Presbyterian health care system in the United States, the Swiss group Georg Fische, Spain’s SEAT, and British American Tobacco (BAT).

“The trend toward cloud solutions can be seen even today from major orders placed by corporations,” said Telekom Board member and T-Systems CEO Reinhard Clemens.

http://www.telekom.com

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