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Global SMS revenues to hit $130bn-plus this year

2013-07-29 02:00:00| Total Telecom industry news

Analyst firm dismisses reports of declining SMS revenue as 'wrong'; insists annual revenue will exceed 2010 levels until 2017.

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Baidu posts Q2 revenues up 39% to CNY 7.5 bln

2013-07-25 05:50:00| Telecompaper Headlines

(Telecompaper) Chinese search services provider Baidu reported total revenues of CNY 7.5 billion, representing an increase of 38.6 percent from the corresponding period in 2012. Online marketing revenues amounted to CNY 7.5 billion, up 38.3 percent year-on-year. Baidu had about 468,000 active online marketing customers in Q2, representing a 33 percent increase from the corresponding period in 2012. Other services revenue grew to CNY 21.7 million from CNY 4.7 million. Adjusted EBITDA rose by 8.4 percent to CNY 3.5 billion, while operating profit increased 3.2 percent year-on-year to CNY 2.9 billion. Net profit attributable to Baidu amounted to CNY 2.6 billion, a 4.5 percent decrease from CNY 2.8 billion in Q2 2012. As of 30 June, the company had cash, cash equivalents and short-term investments of CNY 34.1 billion.

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Facebook revenues increase 53% to reach USD 1.81 bln in Q2

2013-07-24 22:27:00| Telecompaper Headlines

(Telecompaper) Facebook revenue for the second quarter 2013, ending 30 June 2013 increased 53 percent year-over-year to USD 1.81 billion from USD 1.18 billion. Advertising revenue represented 88 percent of total revenue and increased 61 percent to reach USD 1.60 billion. Mobile advertising revenue represented 41 percent in the quarter and revenue from payments and other fees increased 11 percent to USD 214 million. GAAP costs and expenses dropped 35 percent to USD 1.25 billion. Excluding share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were USD 1.02 billion, up 52 percent from USD 669 million.

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Scottish independence: Oil revenues would be 'bonus not basis'

2013-07-20 19:47:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: Oil revenues will be a "bonus" but not the basis of the economy in an independent Scotland, the first minister has said. Alex Salmond made the comments ahead of the publication of a Scottish government paper later this week. He said Scotland would reap the benefits of a boom in the industry, but be less dependent on oil than Norway. The UK treasury said independent forecasts showed that oil revenues were set to decline. The Scottish government paper will set out the future of the oil...

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Heartland Express, Inc. Reports Revenues and Earnings for the Second Quarter of 2013

2013-07-20 00:42:35| Trucking - Topix.net

Heartland Express, Inc. announced today financial results for the quarter ended June 30, 2013.

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