Pacific Century CyberWorks secured US$50 million worth of systems integration contracts from the mainland in the first two months this year, according to Aloysius Lee, managing director of its commercial group.
The telecommunications carrier, which has made efforts to expand its information technology (IT) business in the past year, has also secured three major contracts with the Hong Kong Government, which are believed to be worth more than HK$500 million this year.
'We seem to have seen the first harvest, thanks to our IT team,' Mr Lee said, adding that its 1,500 IT services staff were the largest such team in Asia.
Last week, CyberWorks won two key IT contracts, one from the Immigration Department and the other from China Petroleum and Chemical Corp (Sinopec) through a newly formed joint venture.
Mr Lee said Petro-CyberWorks Information Technology, a 55:45 joint venture between Sinopec and CyberWorks, would generate at least 200 million yuan (about HK$187.48 million) in its first year of operation, mostly from outsourced IT projects.
The joint venture, which plans to start operations next month, expects to rely on Sinopec for the first three years before branching out into other sectors.
Mr Lee said the venture would be operated separately from its systems integration business in other parts of China.
