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China auto sales growth slows further in May
2013-06-09 12:58:08| Auto Dealers - Topix.net
China's auto sales growth decelerated further in May amid signs of weakness in its economic recovery, with Japanese automakers suffering more declines, an industry group reported Sunday.
Telecoms growth slows but 'digital goldmines' remain
2013-05-30 02:00:00| Total Telecom industry news
Telecoms services revenues will reach 1.25 trillion in 2016, but telcos will need to work with the Internet companies, IDATE advises.
Tags: digital
growth
remain
telecoms
U.S. manufacturing growth slows in May
2013-05-27 20:07:00| Canadian Plastics Headlines
U.S. manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening at home led to the sector's most sluggish rate of growth since October, new economic data shows.
Tags: may
growth
manufacturing
slows
Ericsson sales growth slows to 2% in Q1
2013-04-24 08:30:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales up 2 percent year-on-year to SEK 52.0 billion. On a comparable basis and excluding forex effects, sales increased 7 percent from a year earlier and were down 19 percent from Q4. Ericsson said growth was led by the Networks division and roll-out services, with a number of projects in Europe and North America. Networks revenues were up 3 percent to SEK 28.1 billion, and Global Services sales rose 4 percent to SEK 21.5 billion. Operating profit, including income from joint ventures, fell 77 percent from a year earlier to SEK 2.1 billion, hurt by a charge of SEK 1.4 billion for the restructuring in Sweden amd the gain of SEK 7.7 billion last year from the divestment of Sony Ericsson. Net profit fell to SEK 1.2 billion from SEK 8.8 billion a year ago. Operating cash flow was a negative SEK 3.0 billion due to higher working capital, and net cash decreased by SEK 6.3 billion from the end of 2012 to SEK 32.2 billion. Ericsson was positive on the outlook, with 4G procurement starting in Russia and China, 21 new managed services contracts signed in the past quarter and strong demand for its SSR routing platform as well as OSS and BSS. While coverage projects have continued to have a higher share than capacity projects, the company expects an improvement in the business mix towards more capacity projects during the second half of 2013.
Tags: sales
growth
ericsson
q1
AT&T revenue growth slows in Q1
2013-04-24 08:21:00| Telecompaper Headlines
(Telecompaper) AT&T reported first-quarter revenues down 1.5 percent to USD 31.4 billion, while EPS improved to USD 0.67 from USD 0.60 a year earlier. The results were impacted by the sale of its Advertising Solutions units; excluding this, EPS rose 8.5 percent to USD 0.64 and revenues were up 0.9 percent. Operating profit fell to USD 5.9 billion from USD 6.1 billion a year ago, and the margin dropped to 18.9 percent from 19.2. The US operator generated USD 8.2 billion in operating cash flow and spent USD 4.3 billion on capital equipment in the quarter. AT&T maintained its capex budget for the full year at USD 21 billion but cut planned spending for 2014 and 2015 to around USD 20 billion per year from USD 22 billion previously. The company said it expects savings through greater integration efficiencies in its Project VIP, accelerating LTE build in 2013 and other ongoing initiatives. The LTE network now reach nearly 200 million POPs and is expected to reach nearly 90 percent of the planned 300 million POPs by the end of 2013.
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