LSERV Proudly Ranks Among the Top 1000 Corporations in the Philippines

In 2022, the resilience of the Top 1000 Corporations in the Philippines was evident as they collectively recorded a gross revenue of P16.68 trillion, signaling a resurgence in economic activity following the relaxation of pandemic-related restrictions. Among these companies, LSERV Corporation stood out with a revenue of 4,560 million, securing its position at number 733 on the list, a slight decrease from its rank of 624 in the previous year. Notably, LSERV holds the distinction of being the sole local manpower service provider included in the rankings, underscoring its significance in the industry.

According to the BusinessWorld Top 1000 Corporations in the Philippines report, the combined gross revenue of these firms experienced a notable surge of 21.2% compared to the previous year’s P13.76 trillion. This marked the most rapid growth in revenue over a two-year period, rebounding from the 13.2% contraction observed during the peak of the coronavirus pandemic in 2020.

Comparison of Sectoral Performance in 2022 LSERV

In its 37th year, BusinessWorld’s Top 1000 report ranks both private and public stock corporations according to gross revenue, which is defined as the sum of net sales and non-operating income. The latest edition of the report reveals a significant rise in combined gross revenue, reflecting the robust performance of the Philippine economy in 2022. This economic vitality is underscored by a notable increase in the country’s gross domestic product (GDP), which grew by 7.6%—outpacing the previous year’s growth rate and surpassing government targets. Despite challenges, such as the pandemic, 827 out of the 1,000 companies listed experienced an upturn in gross revenue in 2022, indicating resilience and adaptability within the corporate sector.

LSERV maintains its status as the largest private corporation offering manpower and support services in the country, a testament to its enduring reputation and market presence. This achievement is owed in large part to the unwavering trust and support from its clients, employees, and stakeholders, highlighting LSERV’s commitment to excellence and its ability to consistently meet the needs of its diverse clientele.

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