Feeds

Vodafone profits dip

Slower growth predicted

Top 5 reasons to deploy VMware with Tegile

Vodafone investors got the jitters this morning as the giant cellco reported a fall in profits and warned that growth would contiue to slow.

By late morning shares in the company were down 11p (7.5 per cent) at 134p even though Vodafone reported an increase in turnover and customers.

Reporting numbers for the six months to September, the Newbury-based company said revenues had risen from £16.7bn to £18.2bn.

But over the same period pretax profit slipped from £4.5bn to £4.1bn while "profit for the period" was down 23 per cent from £3.7 bn top £2.8bn.

All this comes as Vodafone is bragging of its success in acquiring new punters while hanging onto existing ones. It added ten million new users over the last six months taking total numbers to 171m.

It's also chuffed to bits with the take-up of 3G services with some 5m handsets in use. Which is nice. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.