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Facebook doubles profit on strong growth in user numbers during Q2, sees pressure for ad revenue

2020-07-31 11:37:00| Telecompaper Headlines

(Telecompaper) Facebook doubled its net profit in the second quarter amid continued high engagement on its network amid the covid-19 pandemic, even as revenue growth slowed to 11 percent. The company noted however that it was seeing signs of normalisation in user growth and engagement as lockdown measures ease in some parts of the world, particularly in developed markets where the company's penetration is higher. The company expects the daily and monthly user growth to sequentially flatten or even decline in the third quarter as shelter-in-place measures restrictions continue to lessen.

Tags: user strong numbers growth



BT appoints MTN Group CEO as new head of BT Enterprise

2020-07-31 11:14:00| Telecompaper Headlines

(Telecompaper) BT Group has announced the appointment of Rob Shuter as CEO of the Enterprise unit. He will also join the BT Executive Committee. 

Tags: of group head enterprise

Category: Telecommunications



BT reports Q1 revenue down 7% on impact of Covid-19

2020-07-31 11:08:00| Telecompaper Headlines

(Telecompaper) BT Group has reported revenue of GBP 5.25 billion for the three months to 30 June, down 7 percent mainly due to the impact of Covid-19, including a drop in enterprise business activity and reduced BT Sport revenue.

Tags: of reports impact revenue

Category: Telecommunications



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