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Tag: revenues fall
Lenovo Q4 revenues fall 19% after drop in smartphone sales
2016-05-26 11:56:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenues for its fiscal fourth quarter to March down 19 percent year-on-year to USD 9.133 billion, as the company suffered from the slowdown in the PC market and falling mobile phone sales. Operating profit still improved, by 95 percent to USD 248 million, thanks to restructuring and cost-cutting efforts, and net profit was up 80 percent to USD 180 million. The company maintained its dividend at HKD 0.25 per share. The group shipped 10.9 million smartphones in the quarter and 66.1 million over the full year, down 13 percent. Lenovo said that while it achieved its goal of mobile profitability within 18 months of the acquisition of Motorola Mobility, the "integration efforts did not meet expectations". In particular, China shipments declined 85 percent, as the company failed to keep up with the shift to open-market sales and competition from premium brands business. In North America it also suffered from a poor product transition, missing the key year-end sales window for new products.
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Altice revenues fall 2.7% in Q1
2016-05-11 08:31:00| Telecompaper Headlines
(Telecompaper) Altice reported a fall of 2.7 percent in first-quarter revenue to EUR 4.260 billion, hurt by weakness in its main market France. Revenues were down 6.1 percent to EUR 2.573 billion at SFR in France, while its new US business Suddenlink recorded 9.0 percent higher sales at EUR 570 million. The other international activities grew by 1.3 percent to EUR 1.138 billion. Altice said revenue trends were improving on a sequential basis and it still expects to meet its outlook for 2016 of an improving trend in group revenue on a constant currency basis, mid-single digit growth in adjusted EBITDA and flat to slightly lower operating free cash flow due to accelerated investments. Group adjusted EBITDA was up 0.9 percent in Q1 to EUR 1.615 billion, and operating free cash flow increased 1.1 percent to EUR 899 million.
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revenues fall
Oi revenues fall 8.5% in Q4, no guidance for 2016
2016-03-24 16:35:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi ended the fourth quarter of 2015 with BRL 6.70 billion of net revenues, down 8.5 percent on the same period in 2014. EBITDA dropped 46.6 percent to BRL 1.71 billion, and the EBITDA margin fell to 25.5 percent. Recurring EBITDA was down only 2.2 percent to BRL 1.79 billion, for a margin of 26.8 percent. Oi's net loss swelled to BRL 4.55 billion, and net debt increased 24.8 percent over the year to BRL 38.15 billion. Capex dropped 2 percent to BRL 1.08 billion. Oi said it will not provide guidance for 2016 results due to the macroeconomic instability in Brazil.
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q4
Microsoft quarterly revenues fall 10 percent
2016-01-29 08:29:00| Telecompaper Headlines
(Telecompaper) Microsoft reported a fall in revenues for its fiscal second quarter to December to USD 23.8 billion, down 10 percent from USD 26.5 billion a year earlier due to weaker sales of Windows and mobile phones. Operating profit fell to USD 6.0 billion from USD 7.8 billion, and net profit dropped to USD 5.0 billion from USD 5.9 billion a year ago. Adjusted EPS increased 11 percent year-on-year to USD 0.78. Microsoft's growth in the quarter was held back by the strong dollar. Excluding currency effects, revenues would have risen 3 percent and adjusted earnings 23 percent. While the weak PC market led to a 5 percent fall in Windows OEM revenue at constant exchange rates and revenue from mobile phones fell 49 percent, Surface revenues were up 29 percent, search ad revenue (ex TAC) rose 21 percent, server products and cloud services revenue grew 10 percent and Office 365 increased revenues nearly 70 percent. Xbox Live monthly active users also were up 30 percent year-over-year to a record 48 million.
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HTC revenues fall 35% in 2015
2016-01-07 17:44:00| Telecompaper Headlines
(Telecompaper) HTC reported revenues for 2015 down 35.2 percent to TWD 121.7 billion. The smartphone maker had a difficult last month of the year, with sales in December down 57.1 percent year-on-year and 36.6 percent lower than in November, at TWD 6.5 billion. The figures are preliminary. HTC will report full annual results later.
Tags: fall
revenues
htc
revenues fall
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