DUBAI - Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) has unveiled Lytus Cloud, a suite of cloud infrastructure services aimed at the enterprise computing market. The launch represents the company's strategic entry into the cloud computing sector, with a focus on high-performance computing (HPC) infrastructure.
Lytus Cloud will offer a range of services, including public and private clouds, managed private clouds, data center solutions, cloud consulting, and hosting services.
This move taps into the global data center market, valued at $325.9 billion, as per data from Statista. Lytus Technologies, known for its diverse portfolio that includes digital, broadband, studios, and tele-health services, seeks to enhance this offering and reduce cloud-related expenses for its clients.
The company's CEO, Dharmesh Pandya, stated that Lytus Cloud will form the backbone for all of the company's technology ventures, aiming to drive growth and revenue on a global scale.
Lytus Technologies plans to expand its cloud services capacity globally over the next two years, with a particular focus on the US market and key international markets. This expansion is part of the company's broader strategy to become a significant player in the evolving cloud computing industry.
The company, with a significant presence in India, serves over four million active users and aims to leverage the country's digital transformation. It has a strong base of more than one million connections and is poised to capitalize on India's e-commerce boom and recent telemedicine regulatory changes.
The information in this article is based on a press release statement from Lytus Technologies Holdings PTV. Ltd. It should be noted that the company's forward-looking statements involve risks and uncertainties, and actual results may differ materially from those projected. The company has cautioned that these statements should not be relied upon as guarantees of future performance.
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