Vodafone Business ⫶ Strong digital services growth
vodafone business
Digital Services 1 performance
Financial performance
Q1 market performance
• 18.8% digital services growth in Q1 • Strong demand for our SaaS 2 , IoT & cloud & security products • Product launches across Smart, Secure & Sovereign portfolio: − Launched AI concierge & cybersecurity solution for SMEs in partnership with Google − Agreement signed with AWS to strengthen sovereign cloud services in Germany in May 2026 − ‘5G slicing’ proposition for B2B customers launched in April 2026
• 5.0% service revenue growth in Q1 due to: − growth in both Europe & Africa
• Germany strong digital services results, particularly in digital solutions (SaaS 2 ) & cloud & security services • UK stabilising due to the lapping of the planned managed services contract terminations in the prior year • Other Europe strong digital services growth driven by public sector projects • Africa growth driven by core connectivity & digital services, including IoT project delivery
− digital services acceleration in Germany & Greece
• QoQ supported by strong improvement in core connectivity • Digital services contributing 28% to Business service revenue
Digital Services 1 revenue growth (organic, %)
Service revenue growth (organic, %)
Business service revenue growth (Q1 FY27 organic, %)
18.8%
18.1%
8.7%
5.0%
15.1%
12.2%
11.1%
4.0%
4.0%
3.2%
4.0%
3.0%
2.9%
(0.7)%
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
DE
UK
EU
SA
2. Software-as-a-service.
1. Digital Services include IoT, cloud & security services, and include SDN (Software-defined network) & Digital Communication Solutions. Q1 FY26 growth rate has been restated to reflect a reclassification of a digital services product in the UK.
Vodafone Group Plc Q1 FY27 Trading Update ⫶ July 2026
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