Feeds

Vodafone shares tumble on interims

Economic weakness

New hybrid storage solutions

Vodafone, the world's largest cellco, grew revenues to £9.1bn, up by nearly 20 per cent, or 1.7 per cent organic growth, in the three months ended 30 June 2008.

The company now has 269m mobile customers, an increase of 8.5m on last quarter. Data revenues grew 29.4 per cent to £664m.

But Vodafone expects revenue for the year to be towards the bottom of previous estimates of £39.8bn and £40.7bn thanks to economic weakness and worse than expected handset sales. Business in Spain was particularly hard hit by "economic and competitive effects".

The company hopes that a continued focus on cost reduction will bring in an operating profit of between £11bn and £11.5bn.

But the stock market was less impressed - Vodafone shares are down more than 11 per cent to 129.9p at the time of writing.

Voda's interim statement is here. ®

New hybrid storage solutions

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.