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Tag: growth
AT&T results fall in Q2 as Covid-19 hits ad revenues, subscriber growth
2020-07-23 14:22:00| Telecompaper Headlines
(Telecompaper) AT&T reported a fall in second-quarter results, as the Covid-19 pandemic hurt advertising, pay-TV and roaming revenues at the company. Net earnings fell to USD 0.17 per share from USD 0.51 a year ago, including a goodwill writedown on its Vrio pay-TV business in Latin America (USD 0.29) and restructuring costs (USD 0.10), and adjusted earnings dropped to USD 0.83 from USD 0.89, including an estimated 9-cent impact from the pandemic.
Tags: results
fall
growth
hits
Vodacom Group revenue up 5.6% in Q1 on growth in South Africa
2020-07-23 09:25:00| Telecompaper Headlines
(Telecompaper) Vodacom Group revenue increased by 5.6 percent to ZAR 22.73 billion in the first quarter to 30 June. The mobile operator said it saw strong growth in South Africa as customer demand rose during the lockdown, but international operations were hit by lower economic activity because of Covid-19. Service revenue climbed 7.6 percent to ZAR 18.76 billion. The temporary spectrum assignment in South Africa allowed Vodacom to fast-track the launch of the country's first mobile 5G network and a fixed 5G commercial service.
Tags: group
south
growth
africa
Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs
2020-07-23 08:50:00| Telecompaper Headlines
(Telecompaper) Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period.
Tesla growth continues despite economic upheaval
2020-07-23 00:10:03| BBC News | Business | UK Edition
The resilience of Elon Musk's electric car maker is in contrast to rivals, which have seen sales plunge.
Tags: growth
economic
continues
economic growth
Snap revenue, user growth slow in Q2
2020-07-22 09:10:00| Telecompaper Headlines
(Telecompaper) Snap reported a slowdown in revenue and user growth in the second quarter, while reducing its cash burn. Snapchat had 238 million daily active users during the quarter, up 17 percent from a year earlier and around 9 million more than in Q1.
Tags: user
growth
slow
revenue
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