Deutsche Telekom's IT services arm T-Systems is on track to boost core prof...
HANOVER, Germany - Deutsche Telekom’s IT services arm T-Systems is on track to boost core profits this year, the unit’s CEO Adel Al-Saleh told Reuters, but still has its work cut out to start delivering a cash return to Europe’s largest telecoms group.
He struck a deal with labor leaders last summer to reduce the business’s German headcount by 6,000, slash the number of offices to 25 from 230, and hire 3,000 staff - mostly in India - to round out its software skills. “We accomplished nine percent growth in these growth areas. Our sales engine came back to life. We grew our sales performance. Order intake was pretty good. We tackled our costs.CASH CONTRIBUTION
T-Systems has already discontinued loss-making IT services such as call centers, desktop management and support, and logistics for computers to deliver to employees, Al-Saleh said.
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