Cisco hits expectations once again, but disappoints on forecast
Cisco has released financials for the final three-month period of 2018, beating market expectations for the 21st consecutive quarter.
Telecoms.com
financials
Ofcom bills BT for amateur accounting
Ofcom has hit BT with a £3,727,330 bill for reporting inaccurate financials to the regulator, leading to the telco paying lower administration fees for five years.
Apple and Samsung both had a mixed second quarter
While Apple registered modest growth, with the strong performance of Services compensating the declining iPhone sales, Samsung’s revenue and profit continued to plummet, thanks to weakness in the semiconductor market.
Vodafone ponders spin off of European tower business
After reporting declines in group revenues, Vodafone needed to bring some good news to the earnings call, and it seems the creation of a standalone tower business has done the job.
O2 sets October deadline to join the 5G race
5G launches are starting to become old news nowadays, but the UK will soon be in the enviable position of having all of its MNOs up-and-running.
Snapchat looks like a real business after all
We don’t understand it, but perhaps we’re not supposed to. We do understand numbers though, and the Snap financials are looking stronger each year.
Jio surges forward with subs and profits
Reliance Jio has unveiled its latest quarterly figures and, surprise surprise, subs are once again on the up as well as profits.
Samsung profit is halved, company guidance warns
Samsung, the world’s largest smartphone and memory chip maker, warned the market its quarterly profit would drop by 56%, prior to the official result announcement later this month.
Broadcom hit by friendly-fire in US/China trade war
Broadcom has unveiled its financial results for the last three months, though it isn’t the rosy picture some might have hoped for as ‘continued geopolitical uncertainties’ weigh heavy on the spreadsheets.
How long can Uber keep bleeding cash?
It is becoming increasingly popular to invest in money-bleeding technology giants in preparation of an inflection point in profits, but you have to wonder how long Uber will be able to hold on for.
UK and Latin America gave Telefónica a steady Q1
Telefónica’s otherwise flat quarter was bolstered by strong performance in its UK and Latin America South units, which delivered 5.3% and 15.2% organic growth rates, taking the group level growth rate to 3.8%.
Samsung’s profit crashes on weak semiconductor sales
Samsung Electronics reported a net profit decline of 57% in Q1, with total revenue going down by 14%. The semiconductor unit suffered the worst.
Defiant Huawei reports 20% revenue growth
Despite coming under heavy political pressure over the last couple of months, Huawei has reported $107 billion in total revenues, 20% year-on-year.
Despite a $1 billion loss ZTE is seeing light at the end of the tunnel
The Chinese telecom vendor ZTE reported a total annual net loss of over $1 billion from its business in 2018 but is foreseeing returning to profit in Q1 2019.
Samsung warns profit could half on weak chip and display demand
The world leader in smartphones and chips has released a profit warning for Q1 before it is due to announce the results next month. Analysts estimate its operating profit could halve from a year ago.
Oracle reports flat growth as cloud segment booms
As a late-comer to the increasingly profitable cloud segment, Oracle has yet to make more than a minor dent, and this quarter appears to be another demonstration of mediocrity.
Investment bank backs the BT waiting game
Don’t expect BT to give too much away over the next couple of months, but investment bank Jefferies thinks there is enough there to make the telco a good bet.
Ciena bags 20.5% growth perhaps thanks to Huawei dilemma
Optical networking company Ciena posted positive results for the first quarter of 2019, with total revenues of $778.5 million beating analyst expectations.
If you thought your January was tough, Vodafone Idea just lost 35mn subs
Most people consider January one of the worst months of the year, but Vodafone Idea could potentially trump your misery after reporting a year-on-year decline of 35 million subscriptions.
Weak iPhone sales take bite out of Apple revenues
It might not come as a huge surprise, but the Apple financials are not as glorious and fruitful as the quarterly bonanza of yesteryear.
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