Feeds

Carphone Warehouse posts strong results

They're good, but not great

Choosing a cloud hosting partner with confidence

Carphone Warehouse has posted its interim results for the six months to 30 September, with revenue up over 40 per cent to £1.8bn

The phone flogger claimed "headline" profit up an even better 60 per cent to £59.3m.

However, expenses incurred setting up broadband infrastructure, and the launch of Virgin Mobile France, hurt, reducing pre-tax, or as we call them, real, profits to £14.1m, less than half last year's £37m.

The impact of Vodafone's exclusive deal with Phones4U won't be felt yet, and chief executive Charles Dunstone said the company is in discussions with Vodafone about a pan-European framework covering both contract and pre-paid customers.

Also interesting is the growth of the various Carphone Warehouse branded mobile networks, with TalkTalk Mobile now the primary brand.

Nearly half a million mobile customers are using the Carphone Warehouse MVNO (Mobile Virtual Network Operator) in the UK, and the company is looking to grow that considerably. Other MVNO operations in France (with Virgin), Spain, and Portugal are all on track.

There has been some talk of Sky acquiring Carphone Warehouse to gain a mobile phone operation, and these figures give some credibility to that, though it would be an expensive move for Sky.

The full statement is available here, but in summary: things are going well, though not quite as well as the company had hoped. ®

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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.
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?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.