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Lenovo returns to profit as quarterly sales grow 19%

2018-08-16 08:50:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger of its PC and mobile phone activities. Revenues rose 19 percent year-on-year to 11.91 billion, the gross margin increased to 13.7 percent from 13.6, and the net result improved to a profit of USD 85 million from a loss of USD 54 million a year ago. 

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Singtel's quarterly profit drops 7%, revenue stable year-on-year

2018-08-08 07:47:00| Telecompaper Headlines

(Telecompaper) Singtel announced that its operating revenue was stable at SGD 4.13 billion in the quarter ended 30 June. Revenue increased 2 percent in constant currency terms. Australia performed strongly, registering higher customer growth across both the consumer and enterprise segments, while mobile data remained a key growth driver. EBITDA was stable in constant currency terms.

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Softbank quarterly profit jumps on investment gains

2018-08-06 12:04:00| Telecompaper Headlines

(Telecompaper) Softbank saw its net profit jump to JPY 313.7 billion in the fiscal first quarter to June from JPY 5.5 billion a year earlier, thanks largely to gains on its investments in companies such as Flipkart and WeWork and the spin-off of ARM's Chinese business. Net sales rose 4 percent to JPY 2.273 trillion, and adjusted EBITDA was up 3 percent to JPY 721.8 billion. 

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Qualcomm quarterly results fall, sees flat revenues, lower profit ahead

2018-04-25 23:07:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported revenues for its fiscal second quarter to March down 13 percent year-on-year to USD 5.26 billion, in line with its outlook. Compared to the previous quarter, revenues rose 5 percent. Net earnings dropped 52 percent to USD 363 million or USD 0.24 per share, hurt by restructuring charges of USD 310 million. The chipmaker said it was making good progress with its USD 1 billion cost-reduction target and meeting its growth targets for 2019. 

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Twitter posts its first quarterly profit as ad sales rise

2018-02-08 14:59:38| BBC News | Business | UK Edition

The social media company posts its maiden quarterly profit, sending its share price up by a quarter.

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