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TeliaSonera Q3 net income rises but revenue flat

2013-10-17 02:00:00| Total Telecom industry news

New CEO Johan Dennelind says Swedish telco has strong asset base but warns of competitive weakness.

Tags: net income flat revenue

 

BSkyB revenue rises but profit falls

2013-10-17 02:00:00| Total Telecom industry news

U.K. satellite operator says consumer environment will be challenging for remainder of year.

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Smart Meter Deployments to Double Market Revenue as the World Switches on to Wireless

2013-10-16 17:41:00| Transmission & Distribution World

An increase in smart meter deployments will see the global market for wireless communication modules approximately double in value over the coming years. read more

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Twitter doubled revenue but racked up sharply higher losses in Q3

2013-10-16 14:08:33| InfoWorld: Top News

Twitter lost almost as much money in the July-to-September quarter as it did in the first six months of this year, according to a regulatory disclosure made by the company on Tuesday. Twitter, which is preparing for an imminent initial public offering of its stock to investors, submitted an updated S1 filing to the U.S. Securities and Exchange Commission that contained financial results for the first nine months of its current financial year. Its previous filing had only contained figures for the first six months, from February until the end of June.

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Yahoo! profits still lower as revenue falls 5%

2013-10-16 08:59:00| Telecompaper Headlines

(Telecompaper) Yahoo! reported third-quarter net profit down 89 percent to USD 0.28 per share, after booking a gain the year-earlier period on the sale of Alibaba shares. Excluding the one-time items, profit fell 24 percent to USD 358 million. Revenue declined 5 percent to USD 1.1399 billion and was down 1 percent to USD 1.081 billion when excluding traffic acquisition costs. Display revenue fell 7 percent to USD 470 million due to pressure on ad prices, and search revenue was down 8 percent to USD 435 million on a lower price per click. Yahoo's adjusted EBITDA fell 19 percent to USD 331 million, and operating profit was down 39 percent to USD 93 million. CEO Marissa Mayer said she was still pleased with the company's execution, as it continues to invest in improving products and and made eight acquisitions during the quarter. The site's user base has grown 20 percent in the past 15 months to over 800 million monthly users, she said. After spending USD 1.7 billion share repurchases in the quarter, Yahoo had USD 3.2 billion in cash remaining at the end of September.

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