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Global big data revenues to hit $187bn in 2019

2016-05-24 02:00:00| Total Telecom industry news

IDC predicts U.S., Western Europe will be two biggest markets for big data and business analytics.

Cisco grows revenues 3% in April quarter, net profit lower

2016-05-19 08:09:00| Telecompaper Headlines

(Telecompaper) Cisco reported revenues of USD 12 billion for its fiscal third quarter to April, up 3 percent from a year ago after excluding the sale of its set-top box business. Including this, sales were down 1 percent. The result was in line with its guidance, and a "strong performance in a challenging environment", said CEO Chuck Robbins. The company's net profit fell 4 percent to USD 2.3 billion, and EPS declined 2 percent USD 0.46. Revenue growth was strongest in Asia at 10 percent, and sales rose 4 percent in the Americas, but sales were down 2 percent in the EMEA region. Cisco's main product groups Switching and Routing posted sales down 3 percent and 5 percent respectively,

Tags: net april lower profit

Tencent revenues up 43% in Q1, warns of possible ad slowdown

2016-05-18 15:47:00| Telecompaper Headlines

(Telecompaper) Chinese internet services provider Tencent reported total revenues in the first quarter up 43 percent year-on-year to CNY 31.995 billion (USD 4.952 billion). Operating profit was CNY 13.398 billion, an increase of 43 percent year-on-year, and the operating margin was unchanged at 42 percent. Net profit rose 33 percent to CNY 9.183 billion. Basic earnings per share were CNY 0.981 and diluted earnings per share were CNY 0.970. Tencent's popular messaging app WeChat and its related service Weixin counted 762 million active monthly users in Q1, up 39 percent from a year earlier, while the service QQ counted 877 million active accounts, up 5 percent. Online advertising was the main growth driver for revenues, up 73 percent to CNY 4.701 billion, helped by its new agreement to show NBA matches. However, Tencent noted that the weak macroeconomic climate in China could have a negative impact on its advertising business in the near term.

Tags: possible revenues warns slowdown

Asia Pacific OTT TV & video revenues to triple

2016-05-18 08:10:16| Digital TV News

OTT TV and video revenues for the Asia Pacific region will reach $18,396 million in 2021; up from $707 million in 2010 and $5,741 million in 2015, according to Digital TV Research. China will overtake Japan in 2016 to become market leader.

Tags: video asia pacific asia pacific