Category: Financial results

Orange doubles net income as cost cutting takes effect

Operator group Orange has seen its consolidated net income after tax almost double year on year for the full year 2013. The group posted a figure of €2.13bn for net income after tax for FY2013, a 93.2 per cent improvement on the €1.10bn figure it posted for FY2012, but still well short of the €3.83bn it generated in 2011. The boost was largely due to fewer goodwill impairment charges in the year and extreme cost cutting measures.

AT&T reports 149% rise in profit for 2013

US operator AT&T has reported a 149 per cent increase in net income in FY2013 to reach $18.2bn. The firm recorded net income of $7.3bn in 2012. Consolidated revenues reached $128.8bn for the year, an increase of 1.1 per cent year on year.

Bharti Airtel income grows 115%

Indian operator Bharti Airtel has seen its net income rise by 115 per cent year on year for its fiscal third quarter, ending December 31st 2013. Consolidated revenue also rose by 13.3 per cent to reach INR219,390m ($3.51bn).

Apple posts flat profit despite record sales

Despite posting record quarterly revenue of $57.6bn in 1Q14, device maker Apple has worried investors by posting flat profit for the period year on year, seeing a drop in gross margin and revealing it is expecting to generate flat revenues in 2Q14 compared with a year earlier.

Nokia sees sales slump

Struggling handset maker Nokia saw a 17 per cent year on year drop in net sales for full year 2013, yet managed to turn in an operating profit of €519m versus an €821m operating loss in 2012.

Cost control brings ZTE back to black

Chinese infrastructure vendor ZTE has announced that it expects to return to profit for the full year of 2013. The firm announced in a preliminary earnings announcement that it expects to generate a net profit of RMB1.2bn ($198m) for the year ended December 31st 2013. The firm recorded a RMB2.8bn loss in 2012.

Huawei sees 2013 operating profit jump 40%

Chinese infrastructure vendor Huawei has announced unaudited financial results for the full year 2013. The firm said it will achieve global revenue between CNY238bn ($39.37bn) and CNY240bn for the year, representing approximately an eight per cent increase year on year. Operating profit or the year is expected to be between CNY28.6bn and CNY29.4bn.

Telefónica sees quarterly dip in revenue and net profit

Spanish operator group Telefónica has seen its revenues and net profit drop in the quarter ending September 30, 2013. Revenue for the quarter fell to €14.06m, a 9.5 per cent decline on the €15.54m generated in 3Q12, while net profit fell 21.1 per cent year on year, from €1.38m in 3Q12 to €1.09m in 3Q13.

Deutsche Telekom posts Q3 profit

Operator group Deutsche Telekom has recorded a €588m profit in 3Q13 after posting a €7bn loss in the same period of 2012.

BT sees 13% drop in profit but strong fibre adoption

UK incumbent BT has reported a 13 per cent drop in year on year profit for the first half of 2013. Compared to 2012, the firm’s income fell to £948m in the half year ending September 30, while revenue dropped just one per cent to £8.94bn.

Global smartphone shipments grow 45 per cent

Global smartphone shipments grew 45 per cent annually to reach a record 251 million units in the third quarter of 2013, according to research published today. Samsung captured a record 35 percent share of all smartphone volumes worldwide, while Huawei jumped into third place in the rankings, reported research firm Strategy Analytics.

Apple shifts 33.8mil iPhones in third quarter

For the three months ending September 30, Apple posted quarterly revenue of $37.5bn up from $36bn year on year and quarterly net profit of $7.5bn, down on the $8.2bn the firm generated in the same quarter last year. Gross margin was 37 per cent compared to 40 per cent in the year-ago quarter.

TeliaSonera offsets revenue decline with cost cutting measures

Swedish operator group TeliaSonera has suffered a slight decline in revenue for 3Q13. However, this was offset by cost cutting measures which saw the firm decrease its cost base by 3.9 per cent. As a result, although net sales fell to SEK25.4bn ($3.97bn), profit rose to 15.1 per cent to SEK 4.64bn, up from SEK4.03bn in 3Q12.

Verizon grows wireless revenue

US operator Verizon has announced an 8.4 per cent year on year increase in service revenues to its wireless business for 3Q13, generating $17.5bn for the quarter and a 33.8 per cent operating income margin. Total revenues for the firm were $20.4 billion in third-quarter 2013, up 7.2 per cent year on year.

HTC posts first ever quarterly loss

Taiwanese smartphone manufacturer HTC has posted its first ever quarterly loss. The firm made a net loss before tax of NT$2.97bn ($100m) for 3Q13. Revenue stood at NT$47.05bn.

Vodafone settles tax dispute with HMRC

British operator group Vodafone has claimed its tax policy is fully compliant with the law after it emerged the company had paid a settlement worth millions of pounds to HMRC over tax returns at an Irish subsidiary.

NSN posts rise in profit, drop in sales

Network infrastructure vendor Nokia Solutions and Networks (NSN) has seen its net sales drop by almost 15 per cent year on year to €2.76bn from €3.23bn in 2Q12 in the second quarter 2013.

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