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Telenor cuts FY revenue outlook as growth slows in Q3
2013-10-31 08:59:00| Telecompaper Headlines
(Telecompaper) Telenor has cut its sales growth outlook for the year, after growth slowed to 1 percent in the third quarter. It now expects annual organic revenue growth of 1-2 percent, down from an earlier outlook of 2-4 percent. Revenues were weaker-than-expected in its home market Norway, and restructuring is needed in Denmark, Telenor said. Revenues were also impacted its decision to scale back operations in India. The company maintained its EBITDA margin target of 34 percent in 2013, after a result of 37.1 percent in Q3. Total revenues reached NOK 25.95 billion in Q3, up from NOK 25.25 billion a year earlier, and EBITDA rose to NOK 9.62 billion from NOK 8.82 billion. The net profit increased to NOK 3.92 billion from NOK 3.65 billion, helped by a stronger contribution from the company's stake in Vimpelcom. Capex increased slightly to NOK 5.59 billion, and operating cash flow was also higher, at NOK 5.89 billion. Telenor said full-year capex will be at the high end of its earlier forecast, at 13-14 percent of revenue excluding licence and spectrum costs.
Tags: in
growth
revenue
outlook
Alcatel-Lucent sees loss narrow in Q3 on higher revenue
2013-10-31 01:00:00| Total Telecom industry news
Equipment maker reports 14% revenue increase from North America as telcos spend on 4G networks.
Tags: loss
higher
narrow
revenue
Facebook revenue surges 60%
2013-10-30 21:28:27| BBC News | Business | UK Edition
Social networking giant Facebook reports a 60% surge in revenue, to $2.02bn (1.26bn), in the third quarter, generating profits of $425m.
Enterprise software revenue growth suggests recovery under way, IDC says
2013-10-30 17:53:10| InfoWorld: Top News
The global enterprise software market expanded by 5.5 percent year over year during the first half of 2013 to $179 billion, a result that suggests a tentative rebound from economic turmoil in Europe, according to analyst firm IDC. Global software revenue ticked up 5.1 percent during the same period in 2012, IDC said Wednesday. For the full year 2013, IDC expects a 5.7 percent growth rate.
Tags: software
growth
enterprise
recovery
Navigant forecasts revenue from hydrogen consumption will reach $50B by 2030
2013-10-30 14:30:10| Green Car Congress
Tags: reach
revenue
consumption
hydrogen
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