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Qualcomm grows quarterly sales more than expected

2016-07-21 08:50:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported an improvement in results for its fiscal third quarter to June, as the company rebuilds its licensing business in China, the world's biggest market for smartphones. Revenues rose 4 percent year-on-year and 9 percent sequentially to USD 6.0 billion, better than the company's forecast, and operating profit was up 29 percent annually to USD 1.6 billion. Sales were helped by USD 235 million in deferred revenue recognised after settling its licensing dispute with LG. Net profit increased 22 percent to USD 1.4 billion, and adjusted EPS jumped 17 percent to USD 1.16, with an 11-cent boost from the LG deal. MSM chip shipments were still down 11 percent year-on-year to 201 million, but grew 6 percent compared to Q2 and came in higher than forecast.

Tags: sales expected quarterly grows

Telia grows Q2 EBITDA 4%, still sees small FY increase

2016-07-20 08:59:00| Telecompaper Headlines

(Telecompaper) Telia has maintained its full-year outlook for flat to slightly higher comparable EBITDA in 2016, despite growth of over 7 percent in the first half of 2016. The company said it saw a solid first six months, but expects a more difficult comparison for results in the second half. For the second quarter, the company saw earnings growth in seven of its eight continuing markets. While net sales fell 2.0 percent to SEK 21.13 billion, comparable EBITDA rose 4.1 percent to SEK 6.39 billion. Net profit from continuing operations was up 34.8 percent year-on-year to SEK 2.85 billion, but the continued weakness at the Eurasia operations up for sale meant the result for shareholders dropped 55.8 percent to SEK 1.44 billion.

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China economy grows more than expected in second quarter

2016-07-15 05:28:54| BBC News | Business | UK Edition

China's economy grew by slightly more than expected in the second quarter of the year as the government increased infrastructure spending.

Tags: second china expected economy

EMEA Q1 cloud IT infrastructure revenue grows to USD 1.3 bln

2016-07-05 14:53:00| Telecompaper Headlines

(Telecompaper) Cloud IT infrastructure revenue in Europe, the Middle East and Africa (EMEA) grew by 17.6 percent on year to USD 1.3 billion in the first quarter, according to the International Data Corporation (IDC). The cloud-related share of total EMEA infrastructure expenditure on server, disk storage, and Ethernet switch grew by 4 percentage points compared with last year to more than 25.1 percent. In terms of storage capacity, cloud represented around 29.9 percent of total EMEA capacity, with a 6.1 percent decline over the same period a year before.

Tags: usd revenue infrastructure cloud