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Qualcomm to slash jobs and costs

2015-07-23 02:23:27| BBC News | Business | UK Edition

Qualcomm says it aims to cut costs and jobs and might restructure itself as it delivers a fresh profit warning in the face of rising competition.

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Adverts 'mask real broadband costs'

2015-07-22 01:17:29| BBC News | Business | UK Edition

Teaser deals in adverts are masking the long-term cost of broadband packages, a charity has claimed.

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Microsoft posts loss of USD 2.1 bln on mobile phone costs

2015-07-22 00:18:00| Telecompaper Headlines

(Telecompaper) Microsoft reported a net loss of USD 2.1 billion or USD 0.40 per share for its fiscal fourth quarter to June, hurt by the earlier announced impairment charge of USD 7.5 billion to write down the value of the former Nokia mobile phone business. The company also took charges of USD 940 million for the planned lay-offs at the mobile business and other restructuring. Excluding the one-time charges, the company had a profit of USD 0.62 per share, up from USD 0.56 a year ago. Adjusted operating profit was still slightly lower, at USD 6.39 billion versus USD 6.61 billion in the year-earlier period, as revenues fell 5 percent to USD 22.18 billion. Over half the drop in revenues came from the stronger US dollar, and the remainder was largely due to the Devices and Consumer division, where sales fell 10 percent to USD 8.7 billion. This included a 22 percent fall in Windows revenues with OEMs, due to the end of the XP replacement cycle and manufacturers awaiting the launch of Windows 10. Revenues from the mobile phone business fell 38 percent to USD 1.2 billion, amid lower shipments of both smartphones and feature phones. Other products performing well in its Devices and Consumer business included the Surface tablet, with revenue up 117 percent from a year ago to USD 888 million, and the Xbox, which grew console sales 30 percent to 1.4 million. Search advertising revenue was up 23 percent, and Microsoft said it expects Bing to be profitable in the next fiscal year. Commercial revenue increased slightly to USD 13.5 billion, led by strong demand for cloud products such as Office 365, Azure and Dynamics CRM Online. Windows volume licensing revenue declined 8 percent. Looking ahead, Microsoft said it expects the launch of Windows 10 to start supporting results from the second half of fiscal 2016. Sales in the phone business are expected to continue to show "significant" year-on-year declines, while losses should start to reduce as the recently announced restructuring takes effect. 

Tags: phone posts mobile costs

 

Tele2 Earnings Suffer on Dutch 4G Costs

2015-07-21 12:43:54| Appliances - Topix.net

Sweden's Tele2 has reported shrinkage in earnings for the April-to-June quarter due to higher costs in the Netherlands, where it is rolling out its own 4G network, but managed to boost sales thanks to customer growth in Kazakhstan. Overall revenues grew by 4%, to 6.6 billion Swedish kronor , compared with the second quarter of 2014, while EBITDA fell by 5%, to SEK1.4 billion .

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Halliburton 2Q profit falls on costs tied to oil slowdown

2015-07-21 11:38:32| Energy - Topix.net

Halliburton's second-quarter profit dropped as it dealt with some charges tied to the oil market slowdown. But the company's adjusted results easily topped analysts' estimates.

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