Alcatel-Lucent reported its most profitable quarter ever due in large part to American operators upgrading their networks to handle the smartphone boom. The company, formed in a merger more than four years ago, posted net profit of €340 million for the fourth quarter of 2010, a marked improvement from the €46 million in the period […]
John T. Chambers, Cisco Systems’ chief executive, of Cisco reported sluggish growth in its fiscal second quarter and made a disappointing forecast. His statement that spending by government agencies on technology equipment remained depressed because of the economy and that it probably would get worse in the near future helped sent company shares down about […]
Revenue fell 11.3 per cent in the fourth quarter of 2010, at Arris as sales to Comcast and Time Warner Cable – its two biggest customers – dropped compared with the year-earlier period. The leading supplier of cable modem and embedded multimedia terminal adapters, posted fourth quarter 2010 revenue of $266.2 million, versus $300.0 million […]
Walt Disney has reported a sharp rise in profits thanks to increased advertising revenue and the popularity of its theme parks. Net profit for the final quarter of last year came in at $1.3 billion up more than 50 per cent compared with the $844 million the company made a year earlier. Revenue rose by […]
In contrast to the growth at News Corp and Time Warner, Viacom’s 1st quarter earnings fell. Net earnings were $610 million, down 12 per cent from $694 million. Revenues fell 5 per cent to $3.8 billion. Viacom’s Media Networks group, which includes MTV, Comedy Central, BET and Nickelodeon, reported a 7 per cent increase in […]
Solid results from News Corp’s various TV divisions help propel the media group to significantly improved income for its second quarter of the year (to December 31st). Net income stood at $642 million, up from $254 million in the same period a year ago. COO Chase Carey told analysts that News Corp is considering the […]
BT has reported that the proportion of new broadband customers using its own service hit an eight-year high in the final three months of last year as profits at the UK telco giant exceeded half a billion pounds. BT said 356,000 customers were added by companies using BT’s network, such as Sky or Talk Talk, […]
TeliaSonera added 49,000 subscribers to its pay-TV services in the fourth quarter of 2010 to reach a total of 935,000. The Nordic telco reported that 40 per cent of its broadband customers in Sweden now take its TV services, and over the course of 2010 over 2 million VOD rentals were sold, compared with 1.2 […]
Time Warner posted fourth-quarter earnings ahead of Wall expectations, aided by a recovering TV advertising market. The company said net income from continuing operations was $769 million up 26 per cent from a year earlier. Adjusted operating income rose 14 per cent to $1.4 billion. Sales rose 8 per cent to $7.8 billion. “In 2011, […]
Mobile ad network Velti has raised over $150 million in an initial public offering in the US. Stocks for the Irish-based company started trading on the Nasdaq and share prices rose 25 per cent. Velti reported total revenues of $38 million for the six months to June 30th 2010, representing a 170 per cent increase […]