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UPDATE 1-IBM raises 2015 business analytics revenue target 25 pct

2013-02-28 22:15:01| Semiconductors - Topix.net

International Business Machines Corp raised its 2015 revenue target for business analytics by 25 percent amid strong demand for products that help customers sift through increasing amounts of data.

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George Weston Ltd. net profit falls 40% to $65M in Q4; revenue up slightly

2013-02-28 19:52:28| Grocery - Topix.net

Bakery and grocery company George Weston says net earnings fell 40 per cent in the fourth quarter, helping to pull full-year profits down more than 23 per cent amid restructuring and other charges aimed at shoring up its competitive position.

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Deutsche Telekom meets FY targets, Q4 revenue down 1.4%

2013-02-28 08:43:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom reported 2012 results down in line with its outlook and reiterated its forecasts for increased investment in the coming years. Revenues fell 0.8 percent last year to EUR 58.17 billion, and adjusted EBITDA declined 3.8 percent to EUR 17.98 billion, versus a target of EUR 18 billion. The EBITDA margin fell 0.9 points to 30.9 percent, hurt especially in Q4 by investments in the German mobile market, which the operator said were paying off in customer wins. In the fourth quarter, revenues were down 1.4 percent year-on-year to EUR 14.71 billion, with Poland the only country showing any growth, and EBITDA was down 12.7 percent to EUR 4.03 billion. DT's net result for the year was a loss of EUR 5.26 billion, versus a profit of EUR 557 million a year earlier, due to a one-time accounting charge in Q3 for the planned merger of T-Mobile USA and MetroPCS. Free cash flow was 2.8 percent lower at EUR 6.24 billion, ahead of the target of EUR 6 billion, after roughly flat capex of EUR 8.43 billion. The company maintained its dividend at EUR 0.70 per share, or 48 percent of free cash flow. With capex expected to pick up this year, DT targets free cash flow of EUR 5 billion. CEO Rene Obermann said the company is "going on the offensive" and reiterated plans for almost EUR 30 billion in investments in the period 2013-2015. Adjusted EBITDA is forecast down again at EUR 17.4 billion in 2013, or EUR 18.4 billion if MetroPCS is included over the full year.

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MDA Q4 revenue up but earnings down on acquisition costs, other items

2013-02-28 08:27:26| IT Services - Topix.net

MacDonald, Dettwiler and Associates Ltd. is reporting increased revenue but a drop in net earnings for the fourth quarter, citing acquisition costs and other items "not indicative" of its operating performance.

Tags: other items costs revenue

 

AutoZone 2nd-Quarter Net Up 5.6% on Higher Revenue

2013-02-27 13:42:00| Auto Parts - Topix.net

AutoZone Inc.'s fiscal second-quarter earnings rose 5.6% as the largest U.S. auto-parts retailer recorded higher revenue, although same-store sales declined.

Tags: net higher revenue autozone

 

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