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Cisco sees revenue growth slowing
2015-11-13 08:32:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues for its fiscal first quarter to October up 3.6 percent year-on-year to USD 12.7 billion, in line with its outlook for 2-4 percent growth. Net profit rose 32.9 percent to USD 2.4 billion, and adjusted EPS was up 9.3 percent to USD 0.59, better than the company's forecast. Cisco CEO Chuck Robbins said the company saw lower-than-expected order growth in Q1, hurt by the uncertain macro-economic environment and currency fluctuations. As a result, revenue in fiscal Q2 is expected flat to 2 percent higher, and adjusted EPS is forecast at USD 0.53-0.55.
Tags: growth
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cisco
Oi sees 3.3% drop in Q3 revenues
2015-11-12 17:12:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi reported BRL 6.51 billion in third-quarter revenues, down 3.3 percent year-on-year. The company was hurt by the reduction in mobile termination rates and outsourcing its handset operations. EBITDA improved 10.6 percent to BRL 1.74 billion, as a result of the continued focus on cost efficiency and profitability of the existing customer base. Operating costs fell 7.5 percent to BRL 4.78 billion, helping the EBITDA margin improve 3.4 percent to 26.7 percent. Capex was BRL 950 million, down by a third from the year-earlier period, of which 85.6 percent was directed to the network. Net customer revenues (excluding handset sales and revenues from network usage) reached BRL 6.07 billion, an increase of 0.9 percent. In mobile market, customer revenues rose 8.1 percent year-on-year to BRL 1.78 billion, driven by the increase of 52.8 percent in data revenues (including VAS). Oi also highlighted the increase in its residential ARPU, up 8.3 percent to BRL 79.50. The total customer base was still 4.3 percent lower year-on-year at 71.84 million at the end of September. This included a 5.0 percent drop in residential customers to 16.5 million, 3.9 percent fall in mobile to 47.06 million, and 5.0 percent drop in business subscribers to 7.60 million. In the residential segment, the number of fixed line customers fell 8.2 percent to 10.22 million, broadband customers were down 2 percent to 5.13 million, and pay-TV customers grew 13.4 percent to 1.17 million.
U.S. forecaster sees El Nino peaking in winter
2015-11-12 15:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: A U.S. government weather forecaster on Thursday said that the El Nino weather phenomenon under way would likely peak during the Northern Hemisphere winter of 2015/2016 and taper off to neutral in late spring or early summer 2016. The Climate Prediction Center (CPC), an agency of the National Weather Service, said the current El Nino conditions, which cause havoc with weather patterns, could rank among the three strongest since 1950. The CPC broadly maintained its outlook for strong El Nino...
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U.S. Steel Sees $173 Million Loss in Third Quarter
2015-11-11 18:51:11| Steel - Topix.net
United States Steel Corp., Pittsburgh, reported a net loss of $173 million for the third quarter, an improvement of 16.4 percent from the same quarter in 2014. Of the quarterly loss, $53 million was attributed to the shutdown of the blast furnace and associated steelmaking operations at Fairfield Works in Alabama.
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Macy's sees drop in third-quarter sales
2015-11-11 17:02:38| BBC News | Business | UK Edition
US department store firm Macy's has said it is cutting its profit outlook for the year after a drop in sales in the third quarter.
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