Financial resultsRSS

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.

Ericsson CFO sees strong performance from radio business

Jan Frykhammar, CFO, Ericsson

Infrastructure vendor Ericsson has reported year on year flat sales in 2Q13, generating SEK 55.3bn. Operating income grew from SEK 2.1bn in 2Q12 to SEK 2.5bn, while operating margin grew from 3.8 per cent to 4.5 per cent.

Telkom South Africa writes down assets to tune of $1.2bn

Telkom has written down the value of its assets by R12bn ($1.2bn) following a review by its board

South African operator Telkom has written down the value of its assets by R12bn ($1.2bn) following a review by its board. The operator said the decision to revalue it’s assets is important in enabling it to become competitive and efficient.

AT&T to gain over $730m annually from monthly admin fee

AT&T has imposed a $0.61 monthly fee on its postpaid users, standing to gain around $732m in extra revenue as a result

US operator AT&T has imposed a $0.61 monthly fee on its postpaid users, standing to gain around $732m in extra revenue as a result. The Mobility Administrative Fee was introduced this month.

Vodafone sees 90 per cent drop in full year profit

Vodafone has seen a 90 per cent year on year drop in profit for the full year 2013

Operator group Vodafone has seen a 90 per cent year on year drop in profit for the full year ended March 2013. The operator posted a profit of just £673m, down from £7bn a year earlier, hit hard by a £7.7bn impairment charge in Italy and Spain over the course of the year.

Facebook grows mobile engagement and revenue

Social networking site Facebook has seen a rise in revenue and profit year on year in the first quarter of 2013. The firm revealed that mobile advertising revenue represented 30 per cent of all advertising revenue for the quarter compared with 23 per cent in 4Q12.

EE reaches 318,000 LTE subscribers

Olaf Swantee, CEO at EE, on stage when the firm launched LTE services in London

EE, the first UK player to market with LTE, has announced that it has reached 318,000 LTE subscribers five months after launching the service.

Verizon up, TeliaSonera, America Movil down

USA’s Verizon, Sweden’s TeliaSonera and Mexico’s América Móvil have each posted their quarterly financial results

This week US operator Verizon reported a net profit of $1.95bn for the first quarter of 2013, a 16 per cent year on year increase compared with the $1.69bn generated in 1Q12. The firm’s first-quarter revenues hit $29.4bn, marking a 4.2 per cent increase on 1Q12.

Ericsson holds steady despite loss on rollouts

"We want direct relationships..." Jan Frykhammar, CFO, Ericsson

Ericsson’s first quarter profits fell year on year to SEK1.2bn (€139m) from SEK8.8bn for the same period in 2012, largely due to the boost given to 1Q12 numbers by the firm’s exit from the Sony Ericsson device JV. While the vendor recorded a two per cent uptick in sales to SEK52bn it was hit by currency fluctuations and a disappointing performance from its network rollout business.

Apple posts first profit dip in a decade, analysts expect comeback

Apple has posted its first quarterly drop in profit in ten years

Device giant Apple has posted its first quarterly drop in profit in ten years, with $9.5bn 2Q13 (January to March) net profit marking a more than 18 per cent decline on the $11.6bn generated in 2Q12. Quarterly revenue grew year on year however, to $43.6bn from $39.2bn a year ago. Gross margin was 37.5 per cent compared to 47.4 per cent in 2Q12.

Nokia loss an improvement but future still uncertain

Nokia's Lumia 920

Finnish handset manufacturer Nokia has posted a €150m operating loss for 1Q13. Viewed in context this should be encouraging; the loss is a fraction of the €1.338bn the firm lost in the same quarter in 2012.

However, net sales for the same period dropped 20 per cent year on year to €5.85bn from €7.35bn in 1Q12.

Huawei posts strong growth in 2012

Huawei has seen its net profit increase by almost a quarter year on year to reach CNY15.38bn ($2.47bn)

Chinese infrastructure vendor Huawei has posted its financial results for 2012, in which it saw its net profit increase by almost a quarter year on year to reach CNY15.38bn ($2.47bn). Revenue for the year stood at CNY220bn, up from the CNY203.9bn recorded in 2011.

China Unicom grows data usage with low-cost devices

Unicom said that it improved smartphone quality to price ratio in 2012

Chinese operator China Unicom has announced a 92 per cent year on year increase in mobile data usage, attributing the growth in part to the availability of low-cost smarpthones. In an earnings release posted late last week, Unicom referenced an improvement in its smartphone “quality to price ratio”.

France’s Iliad sees 2012 profit decline due to network investment

Iliad has seen its full-year profit decline by more than a quarter in 2012

French operator Iliad has seen its full-year profit decline by more than a quarter in 2012. The firm posted profit of €186.5m, down from €251.8m in 2011, despite revenues increasing almost 50 per cent.

Vimpelcom posts rise in profit for 2012

Russian firm Vimpelcom saw its revenue grow four per cent year on year to reach $23.1bn while net income was $2.1bn; a four-fold increase on the 2011 figure

International operator group Vimpelcom, which is headquartered in Amsterdam, has posted stable earnings results for 2012. In the final quarter of the year, the group’s revenue rose three per cent year on year to reach $6bn, while net income stood at $801m. The firm posted a net loss of $381m in the same quarter of 2011.

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