Feeds

Sky's the limit as firm rakes in 400,000 new customers

Good times all round

Boost IT visibility and business value

BSkyB saw revenues grow but profits fall slightly for the year ended 30 June 2007.

Turnover was up 10 per cent to £4.55bn, but profits - or at least Ebitda - was down slightly at £1.01bn, compared to £1.02bn last year.

Network investment soaked up a lot of cash and Sky also made one exceptional payment of £65m to a channel provider.

Margins are still grossly healthy - gross margin is 63 per cent compared to 61 per cent last year.

The firm has enjoyed a 13 per cent increase in new customers, with high definition services reaching 292,000.

Overall, TV customer numbers are now 8.582 million, while Sky Broadband is serving 716,000.

Sky now has its own kit in 1,150 telephone exchanges around the UK, covering 70 per cent of households. And while a basic broadband service is bundled with TV, 71 per cent of its broadband customers are now choosing to pay for the service.

As a telecommunications company, Sky is shaping up well, with broadband, TV, and over half a million customers on Sky Talk. The only missing component is a mobile phone network, and that can't be absent for long.

The full results are here. ®

The Essential Guide to IT Transformation

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
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.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.