BENGALURU (Reuters) – Indian telecom operator Bharti Airtel Ltd reported its highest-ever quarterly consolidated revenue on Tuesday, helped by higher tariffs and additions to its 4G subscriber base.
Indian telecom operators, grappling with low tariffs due to a price war that ensued after Mukesh Ambani’s Reliance Jio entered the space, hiked prices last year as they were ordered to pay 920 billion rupees ($12.44 billion) in dues to the government.
That helped Bharti Airtel’s consolidated revenue jump 22% to 257.85 billion rupees during the seasonally-weak second quarter ended Sept. 30.
“The main reason is that they added a lot more 4G customers than we expected… that had an effect on ARPU (average revenue per user),” said Vivekanand Subbaraman, an analyst at Ambit Capital, who
SAP announced its Q3 earnings yesterday, with its aggregate results down across the board. And after missing earnings expectations, the company also revised its 2021 outlook down. The combined bad news spooked investors, crashing its shares by over 20% in pre-market trading and the stock wasn’t showing any signs of improving in early trading.
The German software giant has lost tens of billions of dollars in market cap as a result.
The overall report was gloomy, with total revenues falling 4% to €6.54 billion, cloud and software revenue down 2%, and operating profit down 12%. The only bright spot was its pure-cloud category, which grew 11% to €1.98 billion.
SAP’s revenue result was around €310 million under expectations, though its per-share profit beat both adjusted, and non-adjusted expectations.
While SAP’s big revenue miss might have been enough to send investors racing for the exits, its revised forecast doubled concerns. Even
(Reuters) – Hasbro Inc beat analysts’ estimates for quarterly revenue and profit on Monday, boosted by demand for its Monopoly and other board games from stuck-at-home parents looking to keep their children entertained. As schools in many parts of the country continue to hold classes online, coupled with limited options for outdoor activities, parents have turned to toys and board games to keep their children occupied, boosting sales for Hasbro and rival Mattel Inc .
The company said total revenue from all of its gaming brands including Monopoly, Scrabble and Dungeons & Dragons jumped 21% to about $543 million in the third quarter.
The company’s net revenue rose 12.8% to $1.78 billion in the quarter ended Sept. 27, beating analysts’ average estimate of $1.75 billion, according to IBES data from Refinitiv.
Video: Better-than-expected earnings not moving stocks
SAP has reported third-quarter earnings results revealing reduced income and COVID-19’s impact on the company’s cloud business.
SAP’s Q3 2020 earnings (statement) (.PDF), ending September 2020, reveal revenues of €6.54 billion IFRS, down 4% year-over-year (or flat non-IFRS and at constant currencies) with basic earnings per share of €1.32 (€1.70 non-IFRS).
In Q2 2020, SAP reported €6.74 billion IFRS revenue.
SAP reported an operating profit of €1.47 billion IFRS, down 12% year-over-year and 1% to €2.07 billion non-IFRS and up 4% non-IFRS at constant currencies.
SAP says this reduction in operating profit is “primarily due to higher share-based compensation expenses compared to the prior year period.”
Operating cash flow for the first nine months of the year was €5.09 billion, up 54% year-over-year due to “lower restructuring-related payments and lower income tax payments.”
A cloud backlog of €6.6 billion has been recorded, while cloud revenue grew by 11% year-over-year, to
SHANGHAI (Reuters) – Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the COVID-19 pandemic added to supply-chain difficulties brought about by U.S. restrictions on doing business with the Chinese firm.
The figure comes a day after the telecommunications equipment maker announced its latest flagship smartphone, potentially its last in the high-end Android segment most dependent on U.S. technology.
It also comes after Sweden became the latest nation to ban Huawei from its fifth-generation (5G) network infrastructure, following U.S. suspicion of Huawei’s relationship with China’s communist government – which Huawei has dismissed.
Hinting at an end to at least four years of double-digit growth, revenue grew 9.9% in January-September versus the same period a year earlier to 671.3 billion yuan ($100.4 billion), the private company said in a statement on Friday without providing a segment breakdown.
Huawei’s revenue growth slowed significantly in the first nine months of 2020, the Chinese telecom giant said Friday, citing “intense pressure” on operations during the coronavirus and as the US moves to cut off its access to vital components.
Huawei, the leading global supplier of telecoms networking equipment and a top smartphone producer, said it grossed 671.3 billion yuan ($100.7 billion) in revenue in January-September, up 9.9 percent year-on-year.
That’s down from 24.4 percent growth over the same period last year, while its profit margin fell to 8.0 percent from 8.7 percent last year.
Washington views Huawei, founded in 1987 by former People’s Liberation Army engineer Ren Zhengfei, as a Chinese espionage threat and has lobbied allies to shun its gear while attempting to block its access to global semiconductor supplies.
“As the world grapples with Covid-19, Huawei’s global supply chain was put under intense pressure and its production and
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Oct 21, 2020 (CDN Newswire via Comtex) — MarketsandResearch.biz has newly published research study entitled Global EHS Software Market 2020 by Company, Regions, Type and Application, Forecast to 2025 that incorporates the analysis of different factors that extends the market’s growth. The report assists with breaking down top makers, districts, and in like manner covers industry deals channel, wholesalers, vendors, research findings, and conclusion. The report discloses the shortest and durable growth projections of the global EHS Software market. The report provides the scope of different segments and applications that can potentially influence the market in the future. It constitutes trends, restraints, and drivers as well as key challenges that are required to market growth in the projection period from 2020 to 2026. In addition, the report drops light on different opportunities, growth prospects, major segmentation, and
(Reuters) – Texas Instruments Inc reported its first quarterly revenue growth in nearly two years on Tuesday, a rebound the chipmaker credited to people stuck at home splurging on electronic gadgets for remote work and entertainment during the COVID-19 pandemic.
Shares of the company, which also forecast current-quarter sales above estimates, were up nearly 2%.
TI, which supplies chips for everything from smartphones to automobiles, often reports quarterly results before its peers. Investors watch its numbers closely as a proxy for both the health of the industry and other sectors where semiconductors are key components.
The Dallas, Texas-based company said its sales also benefited from a notable rebound in demand from the automotive market, which grew 75% from the preceding quarter as North American and European vehicle assembly plants resumed operations.
“While visibility for the near-term demand has improved, we remain cautious as the broader economic impact of the global
Snap, the parent company of ephemeral messaging app Snapchat, grew its number of daily users and raked in more revenue than expected in the third quarter as more people turned to the platform to stay in touch with family and friends during the coronavirus pandemic.
Snapchat had 249 million users who logged in to the app daily in the third quarter, up 18% compared to the same period last year.
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“Our focus on delivering value for our community and advertising partners is yielding positive results during this challenging time. We’re excited about the growth of our business in Q3 as we continue to make long-term investments in our future,” said Evan Spiegel, Snap’s CEO, in a statement on Tuesday. “The adoption of augmented reality
(Reuters) – Texas Instruments Inc reported a surprise jump in quarterly revenue and forecast fourth-quarter sales above Wall Street estimates on Tuesday, bolstered by a global shift to work from home that has boosted demand for its chips used in electronic products.
TI, which supplies chips for everything from smart phones to automobiles, often reports quarterly results before its peers. Investors watch its numbers closely as a proxy for both the health of the industry and other sectors where semiconductors are key components.
The Dallas, Texas-based company said sales benefited from a notable rebound in automotive demand, as well as strong sales for chips used in personal electronics.
TI shares were up 2% in extended trading.
Video: Halliburton Misses the Third Quarter Revenue Mark (TheStreet)