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Netflix concentrates efforts on streaming model as slow quarter beckons

In a letter to accompany their earnings, which were announced this afternoon - the first since the unpopular announcement of a price rise, Netflix CEO Reed Hastings remained bullish on the firm's growth and value proposition.

RIM streamlines, jettisons 2,000 employees

While many mobile devices makers, such as Apple and Samsung, are seeing record sales and ever-increasing revenues, Canadian firm Research In Motion are in the midst of a pronounced downward slide, which has today seen them announce a management restructuring and large-scale redundancies totalling around 11% of their workforce.

Nokia burns cash and marketshare in Q2 results

Nokia has been having a hard time of it recently. The firm's floundering smartphone products have been almost completely eclipsed by efforts from Apple and Google, and now the once-king of the handset finds itself shedding marketshare at an alarming rate.

Chunghwa Telecom posts 1H11 profit

DigiTimes | July 12, 2011 | Chloe Yu, Adam Hwang Chunghwa Telecom (CHT) on July 11 reported net profit of NT$4.278 billion (US$148 million) for June 2011, resulting in January-June net earnings per share (EPS) of NT$3.20. Read the full article here via DigiTimes...

MySpace offloaded to advertising group for $30 million

Oh how the mighty have fallen. One-time king of the social networks, MySpace, has finally been sold by owner News Corp for a rather paltry (rumoured) $30 million to advertising firm Specific Media. The amount is less than a third of the $100 million News Corp were hoping to recoup with the sale of the iconic social network, which paved the way for current social supremo Facebook.

News Corp. online properties continue bleeding money

In News Corp.'s quarterly earnings call yesterday there was good and bad news for the media giant - although mostly bad. TV revenues grew, movie revenues were reasonable, however Murdoch's online division, which includes the likes of MySpace and The Daily, lost a massive $165 million in the first three months of the year.

RIM sees sluggish sales of BlackBerry, cuts profit forecast

Hindustan Times | April 29, 2011 Research In Motion has sharply cut its quarterly profit forecast, citing sluggish sales of BlackBerry smartphones, which are facing security concerns in India and the Middle East as well as stiff competition from other mobile phone makers. The announcement,...

Telefonica Del Peru 1Q Net Income PEN201.1Mln Vs PEN154.7Mln

LIMA (Dow Jones)--Peru's largest telecommunications company, Telefonica del Peru SAA (TELEFBC1.VL), reported first-quarter net profit of 201.1 million soles ($70 million) compared with PEN154.7 million in the same period of the previous year. The increase was due to reduced costs. ..... Read full article here via Wall...

Apple beats earnings estimates again, world keeps turning

Hot on the heels of Google's earnings call at the beginning of the week, today was Apple's turn to publish their figures and, surprise surprise, they beat expectations and sold a whole load of bushed aluminium to mobs of doe-eyed consumers.

Google announces Q1 net income of $2.3 billion

Yep, it's quarterly earnings season again. Google are usually first out of the gate with their numbers, and as expected they dished the dirt yesterday on the absolutely obscene amounts of money they've been making across the board. However the announcements were marred slightly by Google not managing to match analysts' forecasts.

Reuters: Indian IT firms set for robust outlook as tech spending rises

Reuters | April 12, 2011 | Bharghavi Nagaraju (Reuters) - India's top three technology firms are likely to post strong quarterly profit and indicate robust revenue growth for the year ending March 2012 as overseas clients boost technology spending in an improving global economy. However, salary increases...

M2 boosts FY guidance by 20%- Australia

Finance News Network | March 6, 2011 M2 Telecommunications Group Ltd (ASX:MTU) has boosted its full 2011 financial year net profit after tax guidance by 20 per cent to $27.3 million. In the year to 30 June earnings before interest tax, depreciation and amortisation is also...

UPDATE: Brazil Vivo 4Q net soars on better operational performance

Wall Street Journal | February 24, 2011 | Rogerio Jelmayer SAO PAULO (Dow Jones)--Brazil's leading cellular operator, Vivo Participacoes (VIV, VIVO4.BR), on Thursday said its fourth-quarter net profit more than quadrupled due to improved operational performance and the reduction of its costs with depreciation. Net profit...

Telefónica’s net profit up 30.8% in 2010, to 10,167 million euros

Telefonica | February 25, 2011 | Press Release At its General Shareholders’ Meeting, Telefónica will propose a 14.3% dividend increase for 2011, to €1.60/share, in line with the policy of increasing shareholder remuneration. The Group has set targets for 2011 with the aim of capturing growth in...

UPDATE 2-Brazil Vivo's profit surges on costs, customers

Reuters | February 24, 2011 | Stuart Grudgings & Maureen Bavdek * Profits surge on lower depreciation, customer increase * Net sales up 10.1 percent, subscribers up 16.5 percent * EBITDA rises 20.9 percent from year ago (Adds analysts' expectations, investment plans) RIO DE JANEIRO, Feb 24 (Reuters) -...

UPDATE 2-Brazil Vivo’s profit surges on costs, customers

Reuters | February 24, 2011 | Stuart Grudgings & Maureen Bavdek * Profits surge on lower depreciation, customer increase * Net sales up 10.1 percent, subscribers up 16.5 percent * EBITDA rises 20.9 percent from year ago (Adds analysts' expectations, investment plans) RIO DE JANEIRO, Feb 24 (Reuters) -...

UPDATE: Telecom Argentina profit up on internet, wireless sales

Wall Street Journal | February 22, 2011 | Shane Romig Of DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--Telecom Argentina SA (TEO, TECO2.BA), one of the country's largest phone companies, saw its fourth-quarter net profit rise sharply on the back of higher broadband internet and wireless sales. Telecom...

Core market growth fuels SingTel's net

Wall Street Journal | February 10, 2011 | Gaurav Raghuvanshi SINGAPORE—Higher revenue in its core markets of Singapore and Australia led Singapore Telecommunications Ltd. to post a small but better-than-expected increase in its fiscal third-quarter net profit. SingTel, Southeast Asia's largest telecommunications company by revenue, said Thursday...

Core market growth fuels SingTel’s net

Wall Street Journal | February 10, 2011 | Gaurav Raghuvanshi SINGAPORE—Higher revenue in its core markets of Singapore and Australia led Singapore Telecommunications Ltd. to post a small but better-than-expected increase in its fiscal third-quarter net profit. SingTel, Southeast Asia's largest telecommunications company by revenue, said Thursday...

Telstra profit misses estimates in battle with Optus

Bloomberg | February 10, 2011 | Robert Fenner and Chan Sue Ling Telstra Corp., Australia’s largest phone company, posted earnings that missed estimates as it accelerated spending to win back customers from the second- ranked Optus unit of Singapore Telecommunications Ltd. Net income fell 36 percent to...

UPDATE 2-Mexico's America Movil profit down; subscribers up

Reuters | February 8, 2011 | Michael O'Boyle * America Movil posts 4.7 pct drop in profits * Surprisingly strong growth in new mobile subscribers * Bigger stake helps lift Slim's wealth to about $75 bln (Updates with earnings results, estimate on growth of Slim's total wealth, rewrites...

UPDATE 2-Mexico’s America Movil profit down; subscribers up

Reuters | February 8, 2011 | Michael O'Boyle * America Movil posts 4.7 pct drop in profits * Surprisingly strong growth in new mobile subscribers * Bigger stake helps lift Slim's wealth to about $75 bln (Updates with earnings results, estimate on growth of Slim's total wealth, rewrites...

GP grows 14 percent

BDNews24 | February 7, 2011 Bangladesh's largest mobile company has grown by over 14 percent in the last year. Profits have, however, fallen. Grameenphone said it would have made more money if it did not have to subsidise operations. The only mobile operator on the stock market...

UPDATE 2-Mexico's Telmex profit slumps 32 pct on tax hit

Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento * Net profit of 3.39 bln pesos below estimates * EBITDA and revenues also miss, taxes higher * Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers) Billionaire Carlos Slim's  Telmex, Mexico's...