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UPDATE 1-Saudi SABIC Q3 net profit in line with forecasts
2013-10-27 10:47:31| Chemicals - Topix.net
Saudi Basic Industries Corp on Sunday posted a 2.5 percent rise in its third-quarter net profit, roughly in line with analysts' forecasts, as higher sales volumes and favourable product prices aided growth.
China Unicom Q3 net profit up 51% on 3G growth
2013-10-24 02:00:00| Total Telecom industry news
Chinese mobile operator adds more than 1 billion yuan to its bottom line.
Wipro Ltd quarterly net profit up 20 pct at Rs 1,932 cr
2013-10-22 16:32:35| IT Services - Topix.net
The Wipro Ltd , India's third largest software services exporter, today reported a 20 per cent rise in consolidated net profit at Rs 1,932.1 crore for the second quarter ended September 30, aided by currency depreciation and an uptick in client spending.
China Mobile net profit slips as it battles competition
2013-10-21 02:00:00| Total Telecom industry news
World's biggest mobile operator reports 1.9% decline in net profit for first nine months of 2013.
Tivo posts record net profit on patent settlement
2013-08-28 09:01:00| Telecompaper Headlines
(Telecompaper) Tivo reported a record net profit of USD 268.9 million for its fiscal second quarter ended 31 July, thanks to legal settlements with Cisco and Motorola over patent disputes. In the year-earlier period, Tivo had a net loss of USD 27.7 million, and the company had forecast a loss of USD 13-16 million for the period. Adjusted EBITDA was USD 115.4 million, versus a loss of USD 15.8 million a year ago. Service and technology revenues totaled USD 77.0 million, up from USD 54.1 million and better than the USD 68-70 million forecast. Subscriptions increased 33 percent year-on-year to 3.6 million, driven by growth at cable operators. Tivo said its latest deployment is its first with an IPTV provider, Com Hem in Sweden. Other recent or planned roll-outs include Atlantic Broadband, Cable One, GCI, Midcontinent and Mediacom. It also expects a sales boost later in the year from the recently launched Roamio set-top box, which it says offers better margins that the previous Premiere range. Cash from the legal settlements gave the company over USD 1 billion at the end of the period, and licensing deals resulting from the settlements are expected to provide further cash flow support going forward. For fiscal Q3, Tivo forecast service and technology revenues of USD 80-82 million, adjusted EBITDA of USD 20-22 million and net profit of USD 6-8 million.
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