Feeds

Vodafone chortles over blabber bonanza

Smartphone mobe-data geeks still small potatoes

Using blade systems to cut costs and sharpen efficiencies

Vodafone has been cutting costs and increasing profits, resulting in a top end-of-financial-year filing and confident predictions for the future, as long as voice minutes don't continue to decline.

The figures for the year ending March 31st show an annual net profit of £8.65bn for the whole Vodafone group, up from £3.08bn during the previous year. The results are better than Vodafone predicted in February, and much better than it was suggesting last May, thanks to a good start to 2010 and quick implementation of cost-cutting measures.

The profit was raised on a revenue of £44.47bn, up from £41.02bn the previous year. Vodafone is the world's largest mobile operator by revenue, though China Mobile has it beat on customer numbers - more than half a billion compared to Vodafone's still impressive 341 million.

Vodafone operates around the world, but much of the increased revenue is coming from developing markets, with the exception of India where increased competition has driven down revenue. Voice is still what the business is about - only 33 per cent of the company's revenue comes from anything other than mobile voice and a fair proportion of that will be text messages, so data is still small beer worldwide.

In the UK, where the company has been pursuing data users and high-end customers, revenue declined by 4.7 per cent over the year, though that decline was notably slower during the last three months. ®

HP ProLiant Gen8: Integrated lifecycle automation

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.