Feeds

New wave buoys spirits at BT

Trad business continues to ebb

  • alert
  • submit to reddit

Boost IT visibility and business value

BT claimed a “great” first quarter today, as its new wave business more than made up for the retreat of its stuffy old traditional telecoms operations.

The veteran operator turned in revenues of £4.8bn for the quarter ending 30 June, up 5 per cent. Pretax profits, before specific items, were up 20 per cent to £511m. The specific items, essentially the cost of rationalising its regional offices, knocked the pretax figure down to £499m.

The new wave label covers networked IT services, broadband and mobility, and these businesss brought in £1.4bn, up 48 per cent on the year. This more than offset the 9 per cent decline in its traditional businesses.

Traditional business was down 6 per cent, a slower rate of decline than last year. Nevertheless, BT couldn’t resist bemoaning its lot, saying the decline “continues to reflect regulatory intervention, competition, price reductions” as well as the cost of pushing customers to its new wave services.

Related stories

BT hits back at Bulldog jibes
Copycat BT doubles broadband speeds
BT hires Page 3 girl to plug VoIP
Ofcom shames BT

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.