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AT&T revenue growth slows in Q1
2013-04-24 08:21:00| Telecompaper Headlines
(Telecompaper) AT&T reported first-quarter revenues down 1.5 percent to USD 31.4 billion, while EPS improved to USD 0.67 from USD 0.60 a year earlier. The results were impacted by the sale of its Advertising Solutions units; excluding this, EPS rose 8.5 percent to USD 0.64 and revenues were up 0.9 percent. Operating profit fell to USD 5.9 billion from USD 6.1 billion a year ago, and the margin dropped to 18.9 percent from 19.2. The US operator generated USD 8.2 billion in operating cash flow and spent USD 4.3 billion on capital equipment in the quarter. AT&T maintained its capex budget for the full year at USD 21 billion but cut planned spending for 2014 and 2015 to around USD 20 billion per year from USD 22 billion previously. The company said it expects savings through greater integration efficiencies in its Project VIP, accelerating LTE build in 2013 and other ongoing initiatives. The LTE network now reach nearly 200 million POPs and is expected to reach nearly 90 percent of the planned 300 million POPs by the end of 2013.
China manufacturing growth slows
2013-04-23 07:09:12| BBC News | Business | UK Edition
Growth in China's manufacturing sector slows in April, a survey by HSBC shows, adding to concerns about the country's economic recovery.
Tags: china
growth
manufacturing
slows
SAP and Oracle fare best as software growth slows
2013-04-22 19:22:43| InfoWorld: Top News
A growing interest in big data, analytics, and cloud computing helped propel a weak software enterprise market last year, according to research from IDC. SAP and Oracle fared the best among the large software vendors. The worldwide software market grew 3.6 percent year-on-year and totalled $342.6 billion, which is less than half the growth rates seen in 2010 and 2011, according to IDC's latest Worldwide Semiannual Software Tracker.
Tags: software
growth
oracle
fare
FRANCE: Hermes first-quarter sales growth slows
2013-04-22 13:35:00| Daily apparel & textile news and comment - from just-style.com
French luxury brand Hermes saw first quarter sales growth slow as currency headwinds weighed on its performance.
Tags: france
sales
growth
hermes
Russian economic growth slows down
2013-04-17 14:26:07| BBC News | Business | UK Edition
The pace of growth in the Russian economy, part of the once-fast moving Brics bloc of developing countries, slowed to 1.1% in the first three months of 2013.
Tags: growth
economic
russian
economic growth
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