Morakot Kulthammayotin, Managing Director of Internet Thailand Public Company Limited (INET), announced an impressive performance for the first nine months of 2024 (January to September). The company reported revenues of 1.84 billion baht, reflecting a 21.02% year-on-year growth, and a net profit of 207.52 million baht, up by 56.69%. Key growth drivers were Cloud Services and Digital Platform Services, contributing 86% of total revenue, aligning with ongoing market expansion.

INET also highlighted the expansion of its customer base to over 4,000 clients from both public and private sectors, driven by demand for digital transformation, cloud infrastructure development, and enhanced cybersecurity measures.

Looking ahead, INET plans to prioritize innovation and R&D in the final quarter of the year, supporting Thai businesses in their digital transformation efforts and contributing to the growth of Thailand’s digital economy. The company anticipates a 20% annual revenue increase and aims to expand its customer base to 5,000 clients by the end of 2024.