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BT quarterly revenue slips 3 percent to GBP 4.48 billion

2015-01-30 09:29:00| Telecompaper Headlines

(Telecompaper) BT reported a revenue down 3 percent to GBP 4.48 billion in its third quarter to the end of December 2014, thanks to a good performance at BT Consumer. The company added a net 119,000 retail broadband customers in the period, in large part driven by its BT Sport and ESPN channels. The third quarter also saw Openreach achieve record growth in the number of landlines, with all major ISPs responding to market demand for fibre. Capital expenditure rose by 3 percent to GBP 599 million. BT said its fibre network now covers three quarters of the UK and the company will launch large-scale pilots of G.fast this summer. CEO Gavin Patterson said the company expects to be able to deliver ultrafast broadband at up to 500 Mbps to most of the country by 2025. EBITA rose by 2 percent to GBP 1.57 billion, with adjusted earnings per share up 10 percent to GBP 0.08. By business unit, BT Global Services' EBITDA was down 10 percent to GBP 261 million on revenue down 8 percent to GBP 1.69 billion. BT Business's EBITDA rose 4 percent to GBP 266 million on revenue down 2 percent to GBP 789 million. BT Consumer's EBITDA rose by 43 percent to GBP 251 million on revenue up 7 percent to GBP 1.08 billion, BT Wholesale's EBITDA fell 7 percent to GBP 136 million on revenue down 10 percent to GBP 532 million. Openreach's EBITDA slipped 1 percent to GBP 651 million on revenue also down 1 percent to GBP 1.26 billion. BT, which is expected to sell bonds to finance its acquisition of mobile operator EE, reaffirmed its previously announced outlook. The group expects underlying revenue excluding transit in 2014/15 to be broadly level with 2013/14 with growth in 2015/16. Adjusted EBITDA guidance is GBP 6.2-6.3 billion in 2014/15 with further growth in 2015/16. Normalised free cash flow is expected to be more than GBP 2.6 billion this year and to grow next year.

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HTC posts first quarterly revenue growth since 2011

2015-01-06 01:00:00| Total Telecom industry news

Taiwanese device maker swings to operating profit in Q4 on strength of mid-market portfolio.

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UPDATE 1-Cirrus Logic forecasts quarterly revenue below estimates

2014-07-24 03:11:00| Semiconductors - Topix.net

Cirrus Logic Inc, a supplier of audio chips for the iPhone, forecast current-quarter revenue slightly below the midpoint of analysts' estimates.

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USA Truck Narrows Quarterly Loss, Beats Revenue Estimates

2014-04-30 15:20:10| Trucking - Topix.net

USA Truck Inc. of Van Buren posted another quarterly loss on Wednesday, but it was narrower than the trucking firm reported last year, and the company beat analysts' estimates for quarterly revenue.

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Bharti Airtel quarterly revenue up 13.5% on Indian strength

2014-04-29 14:01:00| Telecompaper Headlines

(Telecompaper) India-based Bharti Airtel reported revenue for its fiscal fourth quarter to March up 13.5 percent year-on-year to INR 222.2 billion. The company grew revenues 11.6 percent in its home market and 3 percent abroad, helped by stronger voice pricing in India, a near doubling in mobile data revenue and customer expansion in Africa and south Asia. EBITDA improved 20.6 percent to INR 73.1 billion, and net profit jumped 89.1 percent to 9.6 billion, supported by lower forex losses. The operator finished the quarter with 295.9 million customers in 20 countries, up 3.0 percent from the end of 2013 and 9.1 percent more than March 2013. Quarterly growth slowed in Africa to 1.7 percent due to regulatory issues, notably a sales ban in Nigeria, giving Airtel 69.44 million customers on the continent at end-March. In India, mobile customers grew 3.5 percent in the three months to 205.52 million, TV subscribers were up 2.3 percent to 9.01 million, and fixed customers were unchanged at 3.36 million. After a 22 percent rise in net income over the full year, Airtel raised its dividend to INR 1.80 per share from INR 1.00 last year. 

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