Feeds

BT Retail makes money hand over fist

Guidance up

Intelligent flash storage arrays

BT Retail told the City today that it's making lots more cash than it expected.

BT's Retail division is expected to make revenues of £8.5bn and Ebitda* of £738m for the year ending March 2007. This represents Ebitda growth at a rate "into the teens" - three times faster than previously expected.

Shares in the telco are trading up slightly today on the news - at 306p - the highest they've been since the dizzy highs of 2001.

The telco's business is split into:BT Business, BT Enterprise, BT Ireland and BT Retail.

BT Business has 1.1 milion small business clients and annual revenues of £2.2bn and Ebitda of £225m.

BT Ireland is expected to be a billion pound business within five years - it currently brings in £700m revenues and makes Ebitda of £145m.

BT also announced a wireless service for small and medium businesses today. More here.®

*Ebitda stands for Earnings before interest, taxation, depreciation and amortisation.

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

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.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.