BT saw profits before tax and after exceptional items fall 30 per cent to £447 million (E620m) in the last quarter of 2007. But the group reported strong growth in its broadband and global services divisions, where profitability grew. BT’s retail unit achieved a 35 per cent share of all new broadband connections during the […]

Cisco matched second-quarter targets making $2.1 billion up from the year-ago $1.9 billion. Revenue rose 17 per cent from a year ago to $9.8 billion. Excluding certain costs, earnings rose to 38 cents a share from 33 cents a year ago. Analysts were looking for the company to make 38 cents a share on revenue […]

Time Warner has folwed up its results with news it is separating AOL's dial-up internet access service from its faster-growing online advertising business. The move could presage a sale or further realignment of both businesses. Jeff Bewkes, Time Warner's chief executive, called the split “one of our top priorities”, adding: “This should significantly increase AOL's […]

Despite a record for customer growth in the quarter to the end of December, BSkyB reported a loss of £36 million (E48m) against a profit of £356 million for the same period a year ago. Much of the decline is attributable to the £343 million write down of the value of Sky's controversial holding in […]

Time Warner, the world’s largest media company by sales, posted improved quarterly earnings and revenue but forecast slower growth in 2008. Revenue rose 2 per cent to $12.6 billion, and net income of $1.03 billion. The last three months of 2007 were the first to be reported under Jeff Bewkes, who took over as CEO […]

ViaSat reported quarterly and year-to-date revenues of $152.1 million and $427.2 million, respectively, for the third quarter. In addition, the satellite networking company said that pre-tax earnings were up 83 per cent for the quarter and 26 per cent year-to-date. Third quarter earnings reflect significant margin improvement in both government and commercial products,” said ViaSat […]

Branislav Pekic from Rome Sky Italia has closed the second quarter with an operative profit of $62 million, an increase of $74 million in comparison to the loss of $12 million registered in the same period last year. The positive result was mostly due to the increase of subscribers, with more than 400,000 new subscribers […]

Spanish cable operator ONO improved margins and costs in the last part of 2007, with fourth-quarter core earnings up 7.3 per cent to E162 million. Operating cash flow turned positive over the year thanks to more efficient management, ONO said, coming in at E106 million after an outflow of E32 million euros in 2006. Average […]

Satellite TV contributed to video customer gains for AT&T in the fourth quarter. The telco giant’s IPTV platform also gained a significant number of new subscribers during the three-month period. On satellite TV, AT&T said it was serving 2.116 million bundled dish customers at the end of December. That’s up from the 1.986 million customers […]

Thanks largely to stronger-than-expected global PC sales, Microsoft reported $6.48 billion in profit for the holiday quarter on sales of $16.37 billion, beating analyst estimates. Chief Financial Officer Chris Liddell raised the company's sales and profit targets for the next two quarters — a sign that unlike Wall Street, Microsoft expects a comfortable start to […]