Feeds

Le Freeswerve – c'est magnifique

Mon dieu - it has reduced le losses

  • alert
  • submit to reddit

High performance access to file storage

Le Freeswerve has halved the amount of cash it lost in the last quarter, it reported today.

It made an operating loss of £6 million (before share-based compensation, amortisation of goodwill and exceptional items) in the Q2 to 11 November, compared to £14.6 million in the previous quarter.

Turnover during the same period increased by around £1 million - from £14.6 million in Q1 to £15.6 million.

L'ISP also increased its e-commerce and advertising revenues by more than 50 per cent and managed to recruit some 40,000 people to its service a week.

No doubt this will curry favour with Le Freeswerve's new masters, French outfit Wanadoo.

It also claims it is the market leader in unmetered access with 338,000 active registered accounts on Freeswerve's two flat-rate access offers.

Strangely, BTinternet said last week it was the market leader with 500,000 registered unmetered users. How odd. It seems these people can run a Net business and lose millions of pounds each month - but can't add up.

In a statement, Monsieur John Pluthero, CEO, de Le Freeswerve plc, said: "These results demonstrate our continued strong progress.

"During the quarter we increased our average weekly advertising and e-commerce revenues by more than 50% over the first quarter and our customers increased their average daily use of the Internet by a further 22% on the previous quarter.

"The combination of Freeserve with Wanadoo will create new opportunities and further accelerate the development of our business," he said. ®

Related Story

Freeserve and Wanadoo get hitched

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.