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Google reports lower revenues, first even profit decline in Q2
2020-07-31 09:19:00| Telecompaper Headlines
(Telecompaper) Google's parent Alphabet reported lower revenues and its first ever revenue fall during the second quarter, even as the company's ad business started to recover amid the coronavirus pandemic.
Orange trims FY outlook as revenues, EBITDA turn lower in Q2
2020-07-30 09:36:00| Telecompaper Headlines
(Telecompaper) Orange said its business remained resilient in the second quarter, despite the global health crisis. Growth in France and the Middle East helped offset weakness in other European markets and the enterprise segment. Nevertheless, underlying results were slightly lower, and the French operator downgraded its full-year forecast for EBITDA, as the coronavirus weighs on results.
Telenor cuts FY outlook as underlying revenues turn lower in Q2
2020-07-16 09:19:00| Telecompaper Headlines
(Telecompaper) Telenor has lowered its outlook for full-year results, after the Covid-19 outbreak led to a slowdown in the second quarter. Organic growth in subscription and traffic revenues turned negative in the quarter, down 3.6 percent, and Telenor now expects a low single-digit decline over the full year. Cost reductions helped the company lift EBITDA in the quarter, and Telenor targets a stable result in the full year.
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