Telstra has committed $800 million over the next five years to its cloud computing business.
The money will go into building a range of cloud initiatives including building a new local datacentre in Melbourne, upgrading existing datacentres, expanding the range of enterprise applications and bolstering automation of utility cloud services.
The telco was encouraged by the strong performance of its T-Suite software-as-a-service (SaaS) product set which has seen a threefold growth in the past year.
Its infrastructure cloud business has increased by 50 per cent this year.
“We are also experiencing strong sales in our cloud voice and video services, which are exceeding 80 per cent per year and we now manage more than 100,000 IP telephony services delivered from the cloud.
Cloud computing will grow the company’s network applications and services business, according to Telstra.
The telco stressed the $800 million investment falls within the company’s 14 per cent capital expenditure to sales ratio.
Customers of Telstra’s cloud computing services include The Salvation Army Employment Plus, Oz Minerals and Tabcorp.