By Telecom Lead Team:
BT has reported 5 percent drop in Q3 2011-12 revenue at 4.77 billion pounds
against 5.03 billion pounds in the same quarter previous fiscal.
BT’s poor performance
in Global services, retail and wholesale business contributed significantly to
the 5 percent dip in revenue.
Profit before tax of
BT increased 18 percent at 628 million pounds in Q3 2011-12 against 531 million
pounds in Q3 2010-11.
BT’s Capex has
increased 14 percent to 586 million pounds from 515 million pounds during the
period. During the March-December 2011 periods, Capex declined by 11 percent to
7.73 billion pounds.
During
the nine months ended December 31 2011, BT reported 14.43 million pounds,
registering 4 percent dip.
Our
investment to support our customers and improve our services has resulted in new
contract wins around the world, with orders so far this year up over 50 percent
in Asia Pacific and Latin America. In the UK, our fiber roll-out has
accelerated bringing super-fast broadband within reach of over 7 million homes
and businesses and we remain the number one broadband retailer with over 6
million customers. Our fixed-line base has now grown for the last five quarters
and our active consumer line loss is at its lowest for five years. We expect to
achieve our 2013 EBITDA target of above 6 billion pound a year early and to
deliver free cash flow of around 2.4 billion pounds this year,” said Ian
Livingston, Chief Executive, BT.
BT
posted 4 percent decrease in revenue from its global services at 1.89 billion
pounds.
The
decline in BT retail business and wholesale business was 5 percent and 8
percent respectively. BT retail business generated income of 1.85 billion
pounds, while income from wholesale business was 979 million pounds.
However,
BT’s openreach business income increased 5 percent to 1.3 billion pounds.
BT Q2 2011 revenue down 2% to 4.89 billion pounds; profit up 15%
BT
posted a 2 percent decrease in revenue at 4.89 billion pounds in Q2 2011
compared with 4.97 billion pounds in Q2 2010.
Decline
in BT Retail and BT Wholesale revenues contributed to the marginal decrease in
revenue.
PBT
of BT rose to 570 million pounds in Q2 2011 from 496 million pounds
in Q2 2010, showing 15 percent growth.
Recently, BT announced the formation of BT Advise in a
bid to improve its focus on managed services and strengthen consultancy
services. The new division is yet to reflect in its Q3 revenue.
BT floats BT Advise, to offer consulting services to telecom
operators and other sectors
BT Advice will enable BT to bring together BT Global Services experts who
deliver consulting, systems integration and managed services.
Customers will benefit from engaging with a team of 4,500
skilled professionals who will apply processes and methodologies with improved
consistency. BT Advise will be further reinforced through hiring programs
aligned to a pipeline of new customer contracts with leading private and public
organizations.
