Financials
Financials
Kuwait’s Wataniya posts 49% fall in Q2 profit
Wataniya, Kuwait's No. 2 telecoms operator, reported a 49 percent drop in second-quarter profit on Monday, hit by foreign exchange losses from its Algeria unit and increased domestic competition. Net profit at the firm, a subsidiary of Qatar...
Financials
Vodafone India Q1 revenue falls to Rs 8966.7 crore
Vodafone Group PLC, Europe's largest mobile phone company, said on Friday that revenue fell by 7.7 per cent in the three months ending June 30 compared with a year earlier as gains in emerging markets were offset by a...
Financials
Reliance Communications scraps undersea assets IPO
Reliance Communications Ltd. on Friday pulled the initial public offering of a unit that holds its undersea cable assets, adding to a string of large IPOs that have been scrapped in Asia this year. Reliance said in a...
Financials
ZTE expects up to 80% fall in 1H profit
Chinese equipment maker says shar drop reflects sale of Nationz Technologies stake. Chinese telecommunications equipment maker ZTE Corp. said Friday it expects to report first-half net profit of 154 million-308 million yuan, down 60%-80% from the same period...
Financials
Infosys disappoints with 33% profit rise, outlook cut
India's Infosys Ltd. Thursday reported a lower-than-expected net profit for its fiscal first quarter and cut its dollar revenue forecast for the year, leading to a 10% decline in its share price. The Mumbai- and Nasdaq-listed company Thursday...
Financials
Adtran Q2 net down 43% on higher costs
CEO Tom Stanton blames 'tightening spending environment' for profit dip, flat sales. Adtran Inc.'s second-quarter earnings fell 43% as the company's revenue declined and costs rose. Adtran Chief Executive Tom Stanton said the results "reflect a tightening spending environment."The...
Financials
Microsoft to record $6.2 billion goodwill writedown in Q4
Software giant says writedown largely result of 2007 acquisition of aQuantive. Microsoft Corp. said it will record a $6.2 billion goodwill writedown in its online services division, to be recorded in its fiscal fourth quarter. It added that it...
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