BT's Net Profit Increases 14 Percent in 2Q
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BT Group PLC, Britain's largest phone company, reported a 14 percent increase in second quarter net profit on Thursday, as growth in mobile telecommunications, broadband and IT services outweighed more declines in its traditional residential telecoms revenue base.
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Alltel Corp.  on Tuesday posted better-than-expected profit and revenue as the rural wireless provider attracted new subscribers, and shares rose more than 2 percent in early trading.
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BSkyB's profits rise after a major advertising campaign leads to a strong-than-expected rise in subscribers.
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Investment bank Lehman Brothers Holdings Inc. , said on Tuesday second quarter profit rose, helped by a surge in investment banking revenue.
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Britain's BT Group Plc posted quarterly core earnings in line with forecasts on good revenue growth on Thursday, and forecast a strong outlook as it accounted for over a third of net broadband market additions.
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The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls.
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The Royal Bank of Scotland (RBS) said Thursday that net profit rose by 15 percent to 6.2 billion pounds in 2006, boosted by its investment banking arm.
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The worldâs largest maker of wireless networks said today that strong sales in Asia helped boost earnings to $960 million in the second quarter.
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Procter & Gamble, the consumer products company, said quarterly profit jumped 14 percent, boosted by strong sales and a gain from the sale of its juice business.
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Juniper Networks reported a second-quarter profit of $86.2 million, on a more-than-expected revenue increase of 17 percent.
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British Airways said Monday that second quarter operating profits rose 23 percent on tighter costs and higher passenger numbers as long-haul travel recovers.
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(InfoWorld) - British telecom giant BT Group will spend Â£14 million ($27 million) over the next seven years on a new south London datacenter to strengthen its hosting and management services, the company said Thursday. The 930-square meter facility, which will have biometric security features, should be complete by September and has additional room for expansion, BT said. The company wants to grow its data services business by 20 percent a year with an emphasis on enterprise, public sector and financial services customers. BT estimates the data services market is worth Â£5.2 billion in Europe. BT is revamping many of its 70 data centers across the U.K., said Rajiv Abeysinghe, BT's data center transformation manager, at a conference in London on Wednesday hosted by Intel. Customers are asking for the ability to architect and host applications within BT datacenters, he said. BT is also looking to maximize its return on investment in datacenters, looking at ways to cope with power requirements with an eye toward renewable energy. The company said it reduced its carbon emissions by 60 percent between 1996 and 2006, and is working to up that figure to 80 percent by 2016. BT is asking vendors to make products with wider limits on temperature, humidity and air-quality, which could allow for more utility savings, Abeysinghe said. The company is increasing the ratio of applications on each of its servers' CPUs (central processing units) while also looking at virtualization technology. BT would like to increase its CPU virtualization rate from around 7 percent to 10 percent to 80 percent. "Virtualization can provide us with greater efficiency," Abeysinghe said. Â
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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The companyâs second-quarter profit rose 37 percent after factoring in losses from assets it sold, but on a continuing basis results fell on buyout costs at its newspapers.
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British Sky Broadcasting Group Plc, Rupert Murdoch&#39;s UK pay-television company, said fiscal first- quarter profit rose 3 percent as it gained more subscribers than analysts expected.
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LG Electronics Inc., Korea&#39;s second-largest electronics-maker, yesterday reported a 36 percent increase in its third-quarter profits, beating analyst forecasts thanks to a jump in its mobile phone handset sales.
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Barclays Bank announces a record pre-tax profit of Â£7.14bn in 2006 - up by 35% on the previous year.