Financial resultsRSS

Cost control brings ZTE back to black

ZTE has recorded a RMB1.2bn net profit for 2013, according to its preliminary earnings report

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%

Huawei has announced unaudited financial results for the full year 2013

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

Telefónica's 3Q13 revenue and net profit both declined year on year

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

Deutsche Telekom has recorded a €588m profit in 3Q13

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

Telenor, Softbank and Du report revenue and profit growth

Softbank, Telenor and Du have all reported positive financial results

Mobile operators Telenor, Softbank and Du have posted their financial earnings reports for the quarterly period, each reporting a growth in revenue and profit.

BT sees 13% drop in profit but strong fibre adoption

BT has reported a 13 per cent drop in profit for the first half of 2013

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

The number of smartphones shipped in 3Q13 has grown 45 per cent year on year

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

Apple has posted its quarterly results for 4Q13

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

Johan Dennelind, CEO at TeliaSonera

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

Verizon Wireless has seen its revenue grow for 3Q13

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

The HTC One

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

Vodafone nears CWW deal

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

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

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.

Juniper under investigation for foreign corrupt practice

Juniper is under investigation

Next generation networking specialist Juniper is ill at ease on the stock market this week following the revelation Friday that it is being investigated by the US anti corruption authority.

Deutsche Telekom sees 10% rise in profit

Deutsche Telekom has seen revenue, profit and net subscribers rise in Q2

German operator Deutsche Telekom said net profit for the quarter ended June 30 was up ten per cent year on year to €530m.

3UK triples half-year operating profit

Vodafone, Verizon, Microsoft and Google posted quarterly results

The UK arm of operator group Hutchison Whampoa said it has more than tripled its operating profit year on year during the first half of 2013. 3UK generated £86m in the first half of 2013, a 231 per cent increase on the £26m it pocketed in the first half of 2012.

Sprint sees $874m quarterly operating loss

Sprint has posted an operating loss of $874m for the quarter ending June 30, 2013

US operator Sprint has posted an operating loss of $874m for the quarter ended June 30, 2013. The figure takes into account non-cash charges of $623m related to the shutdown of the Nextel iDEN platform. Accelerated depreciation of assets also accounted for approximately $430m of the loss.

Microsoft takes $900m hit on Surface tablets

Microsoft's Surface tablet

Microsoft’s foray into the hardware market is not going smoothly as it revealed in its quarterly results that it has taken a $900m charge related to inventory adjustments for its Surface RT tablet. The charge had an impact of $0.07 per share, the firm added.

Vodafone sees sales dip

Vodafone's group service revenue fell 3.5 per cent

Operator group Vodafone’s service revenue dropped by 3.5 per cent year on year in the quarter ended 30 June 2013. Service revenue from Europe dropped significantly; operations in Italy saw sales drop 17.6 per cent, while Spanish revenue dropped by 10.6 per cent, taking revenue from Southern Europe to £2.27bn.

NSN sees drop in sales

NSN posts Q2 results

Infrastructure vendor Nokia Siemens Networks (soon to be just Nokia) reported a year on year drop in sales of 17 per cent for 2Q13. Revenue generated by the firm dropped to €2.78bn from €3.34bn in the same period last year.