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Profit and revenue grow for Rackspace
2015-11-10 02:36:02| IT Services - Topix.net
Shares, down 42% this year, rose 1.5% to $27.50 in late trading as results topped Wall Street projections. Rackspace, which last year called off a possible sale saying it failed to attract a high enough offer, has struggled to increase business since it changed its business model to focus on the so-called managed cloud market, selling bundled computing and support.
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Vodacom Group H1 revenue grows 6.4%, EBITDA increases 13%
2015-11-09 08:43:00| Telecompaper Headlines
(Telecompaper) Vodacom Group reported 6.4 percent increase in its revenue for six months ended 30 September to ZAR 39.96 billion. Group EBITDA rose 13.0 percent year-on-year to ZAR 14.7 billion, and the margin was up 2.1 percent points to 36.7 percent. Group operating profit increased 7.8 percent to ZAR 10.17 billion, mainly due to EBITDA growth, partly offset by higher depreciation and amortisation. Capital expenditure rose to ZAR 6.22 billion from ZAR 5.88 billion in 2014, driven by rapidly expanding LTE coverage and increasing speeds. Headline earnings per share were up 6.0 percent to ZAR 4.40. The group declared a ZAR 3.95 interim dividend per share, up 5.3 percent from a year ago. Vodacom said its markets continue to be highly competitive, and regulatory and macroeconomic risks remain. EBITDA growth will not likely be sustained at the high rate of 13 percent in the second half. The second half will carry high costs for publicity and network and capability development in fibre and content. Year-over-year growth will be impacted by the stronger performance in the second half of last year where profitability stepped up as a result of efficiency initiatives. Also, there is a further reduction in MTR in South Africa from October, which will have a slightly negative effect on Vodacom's margin in the second half.
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Is The Healthy Side Of Pepsi Boosting Revenue?
2015-11-08 08:34:35| Beverages - Topix.net
While many of us think of a soft drink or Doritos when we think of PepsiCo , there is a whole other side we often forget about. A fairly strong shift in customer preferences over the past several years has made it so that companies that have thrived in selling delicious yet non-nutritious snacks and beverages for generations, have found themselves in an aggressive mission to create products tailored to the health conscious consumer; PepsiCo has been no exception.
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healthy
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Carbon tax more affordable than GST hike to raise same revenue, say Greens
2015-11-07 23:25:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The Australian Greens say a carbon tax would raise as much revenue as increasing the GST rate or broadening its base, while also reducing pollution. Greens MP Adam Bandt has said a Parliamentary Library analysis found that raising the GST rate to 12.5% would raise a similar amount to a $28/tonne carbon tax, but would cost households three times as much. Extending the GST to fresh food, education and healthcare would also raise a similar amount to the original carbon tax, yet households would...
Telefonica's Q3 revenue jumps 11% thanks to Germany, Spain
2015-11-06 01:00:00| Total Telecom industry news
Spanish incumbent's domestic operation returns to growth for first time since 2008.
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