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

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
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
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
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.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.