INET grows cloud and data-centre demand, profit jumps 41%
Cloud demand drives data-centre expansion INET is expanding its data centres and local cloud business as demand rises across industries, expecting customers to grow from 6,000 to 8,000. More customers and capacity mean more recurring revenue, which supports the share price.
Shows the core demand driver behind INET's growth.
Education ID deal adds government demand INET signed an MOU with the Ministry of Education to run the Education ID and Learner ID digital identity system. This is a large government contract that adds steady service revenue and strengthens INET's position in public-sector data work.
A concrete new contract that boosts future revenue.
Q2 profit up 41%, margin improves INET's second-quarter profit rose 41% to about 96 million baht, with revenue up 13% and gross margin improving to 56% on strong cloud and digital platform services. Higher profit and better margins make the business more valuable to investors.
Earnings growth is the clearest sign the strategy is paying off.
New data centre and SME cloud ERP launch INET's new INET-IDC4 data centre in Khon Kaen stays on track for 2027, and it launched a cloud ERP service for SMEs with Express Software. Both widen its customer base and future capacity, supporting longer-term revenue growth.
New capacity and products extend the growth story beyond current demand.