More gloom at Vodafone as service revenue slides in Europe
Vodafone’s interim CEO Margherita Della Valle had the unenviable task on Wednesday of delivering a disappointing set of quarterly financials.
Telecoms.com
q3 2022
Vodafone to cut €1 billion in costs and raise prices due to economic headwinds
Vodafone on Tuesday revealed hefty cost-cutting measures to help mitigate the impact of the worsening economic climate, as well as reducing its full-year earnings and cash flow guidance.
Cellnex goes organic as Hutch deal closes
Cellnex Telecom is putting its wallet away following the long-awaited completion of its UK towers deal, focusing instead on organic growth and boosting its credit rating.
TIM and DT continue the upbeat theme for European telcos
Two major European telecoms operators gave industry watchers cause for optimism with their quarterly results announcements this week, reflecting a broader trend across the continent.
Amdocs accelerates in the Americas
Telecoms software and services vendor Amdocs has added to strong North American revenues with a couple of major Latin American deal wins.
Qualcomm cuts outlook amid smartphone market misery
Compounding the doom and gloom in the global smartphone market, Qualcomm this week issued a particularly pessimistic outlook for the rest of the year.
BT tightens its belt to the tune of £500 million
BT has announced an additional half a billion pounds worth of cost savings to its target for the next couple of years due to inflation and a growing capex burden associated with network rollout.
VMO2 ends Q3 with more customers but lower revenue
Economic volatility is beginning to nibble at Virgin Media O2, in spite of an encouraging third quarter performance.
US data reinforces bullish cloud market sentiment
Growth in the US cloud infrastructure services market remained strong in Q3, calming concerns around disappointing numbers from the hyperscalers.
Amazon’s weak outlook adds to cloud pessimism
US internet giant Amazon was the last of the ‘hyperscalers’ to deliver their quarterly numbers and they did little to lift the general gloom.
Smartphone market plunges to lowest Q3 shipment level since 2014
Analyst estimates agree that the global smartphone market is at a historical low as macroeconomic headwinds hit consumer sentiment.
Huawei returns to growth
Chinese tech giant Huawei has announced its revenues for the first three quarters of the year, which indicate a return to growth.
Investors lose faith in Meta’s gambling habit
The company formerly known as Facebook took another big hit to its share price as the cost of its pivot to the metaverse hit home.
Big tech stocks hit as Microsoft warns of cloud slowdown
Microsoft and Alphabet (Google) both took a share price hit as the former warned it expects growth from its Azure cloud division to decline next quarter.
Nokia’s margin took a hit last quarter but not as much as Ericsson’s
For the first time we can remember Nokia and Ericsson reported their quarterly numbers at the same time, and Nokia’s were a bit better.
Ericsson shares tank on the back of shrinking margins
Swedish kit vendor disappointed investors with its Q3 2022 earnings as margins were hit from multiple directions.
Global smartphone market woes continue
The worldwide smartphone market has declined for the third consecutive quarter, falling 9% year-on-year, according to analyst firm Canalys, which marks the worst Q3 since 2014.
Apple and Amazon see revenue hikes in face of economic turmoil
In the midst of a global cost of living crisis both Amazon and Apple beat expectations, with revenue for iPhone sales up 3% to $40.7 billion and Amazon clocking a 7% YoY revenue jump to $121.1 billion.
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