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Alphabet revenues jump 26% in Q1, helped by new accounting rules, currency effects
2018-04-24 08:44:00| Telecompaper Headlines
(Telecompaper) Google parent company Alphabet said revenues for the first quarter jumped 26 percent from the year before to USD 31.15 billion, helped by currency fluctuations. On a constant currency basis, revenues went up 23 percent in the quarter. The net profit leaped to USD 9.40 billion from 5.42 billion, with diluted earnings per share rising to USD 13.33 from 7.73, helped by new accounting standards, which change how companies report equity investments. Without these changes, the net profit would have reached USD 7 billion and diluted EPS around USD 9.93.
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Baidu's Q4 revenues jump 29%, profit up 1%; plans IPO for iQiyi
2018-02-14 07:58:00| Telecompaper Headlines
(Telecompaper) Chinese search provider Baidu reported total revenues of CNY 23.6 billion (approximately USD 3.62 billion) for the fourth quarter of 2017, a 29 percent increase year-on-year and just ahead of its guidance. Mobile revenue represented 76 percent of total revenues, compared to 65 percent for the fourth quarter of 2016. Net income amounted to CNY 4.2 billion, representing 1 percent growth year-on-year, and adjusted EBITDA increased 78 percent year-on-year to CNY 6.9 billion.
Natixis says Asian banking revenues to jump 30 percent on new strategy
2015-12-02 19:04:16| Food - Topix.net
The investment bank, a unit of France's second largest retail bank Groupe BPCE, wants to generate most of its income outside its home market by 2017 and, as with other European competitors, has set its eyes on Asia as an engine for growth. "We have been doing significantly better than the target.
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MTS India's revenues jump 12%, net loss narrows in Q1
2015-06-03 09:38:00| Telecompaper Headlines
(Telecompaper) Mobile operator Sistema Shyam TeleServices (SSTL), which operates in India under the MTS brand, posted revenues of INR 3.57 billion in the first quarter of the year, which represents an increase of 12 percent compared to the year-earlier quarter. Total revenue growth was mainly boosted by data services, the company said.
Baidu Q1 revenues jump 34%, net profit down 3.4%
2015-04-30 09:08:00| Telecompaper Headlines
(Telecompaper) Chinese internet search provider Baidu saw its first-quarter total revenues increase by 34 percent year-on-year to CNY 12.72 billion. Mobile revenue represented 50 percent of total revenue for the first quarter of 2015, up from 42 percent in the fourth quarter of 2014. Net income amounted to CNY 2.44 billion (approximately USD 395.1 million), which represents a 3.4 percent decrease from the corresponding period in 2014.
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