Feeds

Tiscali narrows losses, ups revenues

Which is nice

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Job cuts and a major major restructuring initiative has helped European Internet outfit Tiscali to cut Q2 losses before interest, tax, depreciation and amortisation (EBITDA) by 43 per cent, the company announced today.

EBITDA losses fell to E63.3 million in Q2 from E103.1 million in the previous three months. At the same time, revenues rose from E149.5 million in Q1 to E165 million in Q2. Internet access services contributed 60 per cent of revenues (E98.3 million).

Tiscali's portal business generated revenues of E19.9 million (12 per cent of total revenues) helped in part because it has largest Web property in Europe visited by 13 million unique visitors.

Even in these depressed times for online advertising, Tiscali reckons this performance is "highly significant, given the difficult trading conditions".

The company also said that its Italian parent company and Dutch and South African subsidiaries achieved positive EBITDA in Q2.

Earlier this year Tiscali axed hundreds of jobs following its acquisition of World Online, LibertySurf and LineOne. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.