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Netflix posts surprise profit in Q4
2013-01-24 09:11:00| Telecompaper Headlines
(Telecompaper) Streaming video service Netflix reported fourth-quarter results better than expected, thanks to solid subscriber growth both in the US and abroad. Revenues rose to USD 945 million from USD 876 million a year ago, while net profit dropped to USD 8 million from USD 35 million. The result was better than expected, after Netflix earlier forecast a loss in the period due to costs for launching in Nordic markets during the period. The international activities performed better than expected, growing by 1.8 million customers in three months to a total 6.12 million, ahead of Netflix's guidance of 5.2-5.9 million. Losses from the international activities were less than expected, at USD 105 million on revenues of USD 101 million. Netflix said the Nordic launch went well, but it does plan any further expansion until late 2013 or 2014. In its home market the US, streaming customers by just over 2 million from September to 27.15 million, just ahead of the company's outlook. For the first quarter, Netflix said it expects net profit flat versus Q4, while free cash flow will be deeper in the red than the USD 51 million last quarter, due to costs for creating original programming. Subscribers numbers are expected to grow to 28.5-29.2 million in the US and 6.6-7.3 million at the international activities.
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RCom posts net profit of INR 1.1 bln in Q3
2013-01-24 06:51:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications reported revenues of INR 53 billion for its fiscal third quarter ended 31 December, up 5 percent year-over-year. Wireless revenues grew 4.7 percent, and Global Enterprise (GEBU) revenues were up 4.4 percent to INR 24.5 billion. Net profit stood at INR 1.1 billion for the quarter. RCom's EBITDA rose 2.4 percent to INR 16.5 billion, while the EBITDA margin slightly fell from 31.9 percent to 31.2 percent. The company had 6.1 million active 3G customers and 27.6 million data customers at the end of the period. Mobile minutes went up 3.1 percent to reach 103 billion. Revenue per minute (RPM) stood at INR 0.44 during the reporting quarter.
AMR cuts labor costs, posts 4Q profit of $262M
2013-01-16 17:05:05| Airlines - Topix.net
The parent of American Airlines said Wednesday that it earned $262 million in the fourth quarter, a turnaround from a year-ago loss as the company goes through a bankruptcy restructuring.
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Tata posts strong revenue, profit growth as offshoring recovers
2013-01-14 20:39:24| IT Services - Topix.net
Tata Consultancy Services had strong revenue and profit growth in the fourth quarter, indicating that the offshoring market is recovering.
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