BT’s Revenue to Increase by $500 Million as it Expands AWS Contract

BT, one of the leading telecommunications companies in the UK, is set to increase its revenue by $500 million as it expands its contract with Amazon Web Services (AWS). This move is part of BT’s ongoing efforts to strengthen its cloud services and digital solutions portfolio.

The expanded contract will allow BT to offer its customers a wider range of cloud-based services, including data analytics, machine learning, and artificial intelligence. These services will be powered by AWS’s advanced cloud infrastructure, which is known for its scalability, reliability, and security.

BT’s decision to expand its partnership with AWS comes at a time when businesses are increasingly relying on cloud-based solutions to support their digital transformation initiatives. With the COVID-19 pandemic accelerating the adoption of remote working and online collaboration tools, the demand for cloud services has surged in recent months.

By leveraging AWS’s cloud infrastructure, BT will be able to offer its customers a more agile and flexible IT environment that can adapt to changing business needs. This will enable businesses to scale their operations quickly and efficiently, without having to invest in expensive hardware or software.

Moreover, the expanded contract will also enable BT to enhance its own digital capabilities, allowing it to develop new products and services that can help businesses stay ahead of the curve. This will be particularly important as the UK economy continues to recover from the impact of the pandemic.

Commenting on the expanded contract, Bas Burger, CEO of Global at BT, said: “Our partnership with AWS is a key enabler for our digital transformation. By combining BT’s expertise in networking, security, and managed services with AWS’s market-leading cloud capabilities, we are able to provide our customers with innovative solutions that meet their evolving business needs.”

In conclusion, BT’s decision to expand its contract with AWS is a strategic move that will help the company stay competitive in an increasingly digital world. By offering a wider range of cloud-based services, BT will be able to help businesses transform their operations and stay ahead of the curve. This, in turn, will drive revenue growth and position BT as a leader in the cloud services market.

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• Source: Plato Data Intelligence: PlatoData