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.

Intelligent flash storage arrays

More from The Register

next story
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
Google bags OBSCENELY LARGE Times Square ad space for New Year's
Choc Factory pays millions for whacking new digital screen
'Cleantech' a dirty word for VCs? RUBBISH!
They just think the current schemes are terrible
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
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.
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?
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.