T-Systems unit's net revenues grow 1.5% in the first half of 2011

- Thursday, August 18, 2011

T-Systems unit's net revenues grow 1.5% in the first half of 2011

The Brazilian unit of German IT services provider T-Systems, part of Deutsche Telekom, saw net revenues grow 1.5% to 2.3bn reais (US$1.43bn) in the first half of 2011, online news service Baguete reported.

The growth was attributed to a surge in contracts signed with companies from the manufacturing, retail, transport and financial services verticals.

T-Systems expects to invest some 20mn reais in Brazil by the end of this year.

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The company's plans for the rest of the year also include expanding its services offer to offshore markets, as well as expanding its smart metering solutions portfolio, intended mainly for the utilities sector.

T-Systems started operations in Brazil in 2001, targeting companies in the automotive, manufacturing, banking, insurance, health, utilities, retail and telecommunications sectors.

The company's operations outside Germany posted 3.1% growth.