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Tag: slowdown
Sharp slowdown in US job creation
2016-06-03 14:53:57| BBC News | Business | UK Edition
US job creation in May fell to its lowest level in more than five years, a sign of economic weakness that may limit the Fed's ability to raise interest rates soon.
Tags: job
creation
sharp
slowdown
Beeline predicts Russian mobile market slowdown
2016-06-02 02:00:00| Total Telecom industry news
Operator pessimistic about the next two years as competition heats up.
Tags: market
mobile
russian
predicts
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
Nokia accelerates cost-cutting after market slowdown
2016-05-10 08:36:00| Telecompaper Headlines
(Telecompaper) Nokia reported a 9 percent fall in pro forma first-quarter sales to EUR 5.603 billion, hurt by the slowdown in the mobile networks markets. Operating profit rose to EUR 345 million from EUR 276 million a year ago, on a pro forma basis for the merger with Alcatel-Lucent. The net result was a loss of EUR 613 million versus a profit of EUR 139 million a year earlier, due to merger-related charges. Nokia confirmed it has started the earlier announced job cuts and was pushing ahead quickly with the realisation of synergies from the Alcatel deal. It now expects to exceed to target of EUR 900 million in operating cost savings for 2018. The focus on the integration this year as well as a weak market outlook are expected to lead to a decline in adjusted sales and operating margin this year at the Networks business this year.
Tags: market
nokia
slowdown
accelerates
JATO Dynamics: growth slowdown in Euro auto sales in March; SUVs still lead
2016-04-27 20:56:37| Green Car Congress
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