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Huawei's H1 revenues up 30% at US$28 billion
2015-07-20 05:46:50| Telecom - Topix.net
Huawei Technologies Co Ltd, one of the world's largest telecom equipment makers, on Monday posted a 30 percent increase in first-half revenue to 175.9 billion yuan and said it would achieve "effective growth" in 2015. A man walks past a logo during the presentation the Huawei's new smartphone launched by China's Huawei Technologies in Paris, May 7, 2014.
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Huawei grows revenues by 30%, buoyed by China 4G
2015-07-20 02:00:00| Total Telecom industry news
Chinese vendor's CFO predicts healthy growth across the business in full-year 2015.
America Movil posts fall in Q2 revenues, EBITDA
2015-07-17 08:33:00| Telecompaper Headlines
(Telecompaper) America Movil reported second-quarter revenues down 0.1 percent to MXN 220 billion, hurt by weak results in its home market Mexico, the economic slowdown in its largest market Brazil and currency effects. EBITDA fell 5.0 percent to MXN 68.3 billion pesos, and the EBITDA margin declined from 32.6 percent to 31.1 percent. At constant exchange rates, service revenues were down 0.5 percent in the period, and EBITDA fell 3.1 percent. Operating profit was still up 2.2 percent to MXN 36.3 billion, helped by lower depreciation, amortisation and impairment charges. While the company recorded a 24 percent drop in financing costs, increased losses from its affiliates in Europe (Telekom Austria and KPN) led to a 16 percent fall in net profit to MXN 14.0 billion. Over the first half of the year, America Movil's capital expenditures reached MXN 70.9 billion, and it also spent MXN 23.1 billion on share buybacks.
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Google revenues up 11%, CFO signals spending check
2015-07-17 08:23:00| Telecompaper Headlines
(Telecompaper) Google reported second-quarter revenues up 11 percent year-on-year to USD 17.727 billion. While revenues rose at half the rate of the year-earlier period, operating profit increased 13 percent to USD 4.825 billion. Net profit increased to USD 4.829 billion or USD 4.93 per share, from USD 4.104 billion or USD 4.88 per share a year earlier. Google total advertising revenues rose 11 percent to USD 16.023 billion, led by 13 percent growth on its own sites. Traffic acquisition costs fell to 21 percent of ad revenues from 23 percent a year ago. The cost per click was also down 11 percent over the same period. Google's capital expenditure fell slightly to USD 2.515 billion in the quarter, while free cash flow rose to USD 4.470 billion from USD 2.981 billion a year ago. The company had total cash of USD 69.780 billion at the end of June. This was Google'a first earnings report with the new CFO Ruth Porat. She said the growth came mainly from core search, especially mobile, as well as YouTube and programmatic advertising. "We are focused every day on developing big new opportunities across a wide range of businesses," she said. "We will do so with great care regarding resource allocation."
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google
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Hotel Chains Invest in Sky Bars to Drive Add-On Revenues
2015-07-13 16:39:00| National Real Estate Investor
Hotel chains are reconfiguring lobby and restaurant areas with a focus on top-floor sky bars that add a new level of excitement to guests activities. read more
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