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Cisco quarterly revenues fall 8%, sees bigger drop in July quarter
2020-05-14 08:17:00| Telecompaper Headlines
(Telecompaper) Cisco's revenues turned lower in its fiscal third quarter to April, down 8 percent year-on-year to USD 12.0 billion, and net earnings fell 6 percent to USD 0.65 per share. The company said it expects a further decline in the July quarter, with revenues down 8.5-11.5 percent annually and EPS of USD 0.57-0.62.
China Mobile Q1 customer numbers, revenues, profit fall amid virus pandemic
2020-04-20 14:18:00| Telecompaper Headlines
(Telecompaper) Preliminary operating revenues for the quarter fell 2 percent from the year before to CNY 181.3 billion, impacted by measures taken during the coronavirus (covid-19) pandemic and despite service revenue rising 1.8 percent to CNY 168.9 billion. Revenue from the sale of products and others was down 34.9 percent to CNY 12.4 billion, mainly due to lower handset and IoT device sales amid the virus hit. Meanwhile, EBITDA slipped 5.8 percent to CNY 68.5 billion while the profit attributable to shareholders dipped 0.8 percent lower to RMB 23.5 billion.
Tags: customer
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Developed telecom markets to show 3.4% fall in revenues in 2020 due to Covid-19 crisis
2020-04-16 09:08:00| Telecompaper Headlines
(Telecompaper) Telecom operator revenues in developed markets will fall 3.4 percent this year due to the Covid-19 crisis, according to a new report from Analysys Mason. The market is expected to return to growth of 0.8 percent in 2021.