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Unilever sales growth slows to 4.1 per cent in fourth quarter due to weaker emerging markets
2014-01-21 12:02:56| Food - Topix.net
Consumer goods giant Unilever, maker of Ben & Jerry's ice cream, said Tuesday that sales slowed in the fourth quarter due to weakness in emerging markets and are expected to remain muted until later in 2014.
U.S. service sector growth slows for second month in a row
2014-01-06 19:41:04| Auto Parts - Topix.net
In this July 6, 2011 photo, technician Chris Shannon works on a costumers car at a Pep Boys Auto retail and service location, in Philadelphia.
Tags: service
month
growth
sector
Cisco revenue growth slows in October quarter
2013-11-14 08:58:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues for its fiscal first quarter up just 1.2 percent year-on-year to USD 12.1 billion, while net profit fell 4.6 percent to USD 2.0 billion. Cisco said revenues were less than expected and profits were impact by one-time charges of USD 237 million for job cuts and USD 257 million for the acquisition of the rest of Insieme Networks. Adjusted EPS for the three months to 26 October, excluding the charges, was still up 10.4 percent to USD 0.53. On a geographic basis, the company's sales fell in Asia, but grew in other regions. On a product basis, sales of service provider video equipment fell 8 percent, and NGN routing systems were lower 1 percent lower year-on-year at 2.04 billion. Sales at the main switching business grew 3 percent to USD 3.75 billion, and the data centre operations continued to grow strongly, up 44 percent to USD 601 million. With a book-to-bill ratio of less than 1 and product orders down 4 percent in the past quarter, Cisco's revenues may remain under pressure in the current quarter. The company reported product orders down in all regions in fiscal Q1, as well as weaker spending by service providers and the public sector. Operating cash flow was up slightly from a year earlier to USD 2.6 billion, and Cisco finished the quarter with USD 48.2 billion in cash. After spending USD 2.0 billion on share repurchases in the quarter, the company authorised another USD 15.0 billion for the buyback programme.
Tags: october
growth
quarter
revenue
Japan's economic growth slows down
2013-11-14 07:58:35| BBC News | Business | UK Edition
Economic growth in Japan, the world's third-largest economy, slowed to 0.5% in the three months to September, figures show.
Tags: growth
economic
economic growth
slows
Telenor cuts FY revenue outlook as growth slows in Q3
2013-10-31 08:59:00| Telecompaper Headlines
(Telecompaper) Telenor has cut its sales growth outlook for the year, after growth slowed to 1 percent in the third quarter. It now expects annual organic revenue growth of 1-2 percent, down from an earlier outlook of 2-4 percent. Revenues were weaker-than-expected in its home market Norway, and restructuring is needed in Denmark, Telenor said. Revenues were also impacted its decision to scale back operations in India. The company maintained its EBITDA margin target of 34 percent in 2013, after a result of 37.1 percent in Q3. Total revenues reached NOK 25.95 billion in Q3, up from NOK 25.25 billion a year earlier, and EBITDA rose to NOK 9.62 billion from NOK 8.82 billion. The net profit increased to NOK 3.92 billion from NOK 3.65 billion, helped by a stronger contribution from the company's stake in Vimpelcom. Capex increased slightly to NOK 5.59 billion, and operating cash flow was also higher, at NOK 5.89 billion. Telenor said full-year capex will be at the high end of its earlier forecast, at 13-14 percent of revenue excluding licence and spectrum costs.
Tags: in
growth
revenue
outlook
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