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Bharti Airtel quarterly revenues up 3% on mobile data growth

2015-08-05 11:39:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal first quarter to June of INR 236.7 billion, up 3.1 percent from a year earlier. Growth was led by mobile data services, up 56.9 percent to INR 34.6 billion as data traffic grew 86.5 percent over the same period. EBITDA increased 6.4 percent to INR 82.6 billion, and the margin rose 1.1 percent points to 34.9 percent, driven by improved profitability in India. EBIT was up 14.2 percent to INR 42.2 billion, and net profit rose 40.2 percent to INR 15.5 billion, as higher interest costs and forex losses were offset by a gain of INR 4.6 billion on towers disposals. Capital expenditure was stable year-on-year at INR 39.9 billion, while operating cash flow rose 13 percent to INR 42.7 billion. 

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Apple quarterly revenues up 33%, ships 35% more iPhones

2015-07-21 23:57:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues for its fiscal third quarter to June up 33 percent year-on-year to USD 49.6 billion, better than the company's forecast. Apple's net profit was also up sharply, to USD 10.7 billion or USD 1.85 per share compared to USD 7.7 billion or USD 1.28 per share in the year-ago quarter. The growth was fueled by continued strong sales of the iPhone, which sold 47.53 million units and generated revenue of USD 31.4 billion. Unit sales were up 35 percent from a year earlier but down 22 percent from fiscal Q2. Apple did not release any figures for its new smartwatch, grouping it with other products such as Apple TV, Beats accessories and the iPod, which together generated USD 2.5 billion in revenue in the quarter. CEO Tim Cook said Apple saw a "great start" for Apple Watch in the quarter, while also setting a new record for revenues from services in the period. For its fiscal fourth quarter, Apple forecast revenues of USD 49-51 billion and a gross margin of 38-39.5 percent, down slightly from 39.7 percent in the previous quarter. 

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HP quarterly revenues fall 7%

2015-05-22 09:24:00| Telecompaper Headlines

(Telecompaper) HP reported revenues for its fiscal second quarter to April down 7 percent year-on-year to USD 25.5 billion. Excluding currency effects, revenue was down just 2 percent, hurt by a slowdown in the business PC and enterprise services market. Adjusted EPS fell 1 percent to USD 0.87, in line with the company's outlook of 84-88 cents, and reported EPS was down 17 percent to USD 0.55, slightly below the guidance of 55-61 cents a share. Operating cash flow halved compared to the year-earlier period to USD 1.5 bilion. Profits were hurt by USD 585 million or 32 cents a share in one-time charges for restructuring and the planned separation of the PC and printer business into a new company, which HP said remains on track. The company also named Cathie Lesjak as CFO of the spin-off company, while Tim Stonesifer will become CFO of Hewlett Packard Enterprise and Chris Hsu COO at Hewlett Packard Enterprise. For fiscal Q3, HP forecast adjusted EPS of USD 0.83-0.87 and reported EPS of USD 0.50-0.54. The company maintained its full-year outlook, which was reduced already earlier this year due to the strength in the US dollar. 

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HP quarterly revenues fall 7%

2015-05-22 08:58:00| Telecompaper Headlines

(Telecompaper) HP reported revenues for its fiscal second quarter to April down 7 percent year-on-year to USD 25.5 billion. Excluding currency effects, revenue was down just 2 percent, hurt by a slowdown in the business PC and enterprise services market. Adjusted EPS fell 1 percent to USD 0.87, in line with the company's outlook of 84-88 cents, and reported EPS was down 17 percent to USD 0.55, slightly below the guidance of 55-61 cents a share. Operating cash flow halved compared to the year-earlier period to USD 1.5 bilion. Profits were hurt by USD 585 million or 32 cents a share in one-time charges for restructuring and the planned separation of the PC and printer business into a new company, which HP said remains on track. The company also named Cathie Lesjak as CFO of the spin-off company, while Tim Stonesifer will become CFO of Hewlett Packard Enterprise and Chris Hsu COO at Hewlett Packard Enterprise. For fiscal Q3, HP forecast adjusted EPS of USD 0.83-0.87 and reported EPS of USD 0.50-0.54. The company maintained its full-year outlook, which was reduced already earlier this year due to the strength in the US dollar. 

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Apple announces record quarterly revenues of USD 75 bln

2015-01-28 08:28:00| Telecompaper Headlines

(Telecompaper) Apple posted record quarterly revenue of USD 74.6 billion for its fiscal first quarter to December, up from USD 57.6 billion a year earlier. The result was well ahead of the company's forecast of USD 63.5-66.5 billion. Net profit rose to USD 18 billion or USD 3.06 per diluted share from USD 13.1 billion or USD 2.07 per share. The gross margin grew to 39.9 percent from 37.9 percent, also beating Apple's outlook of 37.5-38.5 percent. International sales accounted for 65 percent of the quarter's revenue. The results were fuelled by all-time record revenue from iPhone and Mac sales as well as a record performance of the App Store. iPhone unit sales of 74.5 million also set a new record. 

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