GTT increases revenues by over 50% year-on-year

By:
Natalie Bannerman
Published on:

The latest set of third quarter financial results have been released this week, GTT and Samsung are among a few that have seen increased growth over the last quarter

BT has reported progress in the BT Consumer and EE division, since appointing a new leadership team. Financially, it saw a loss over the second quarter of 2017. Reported revenues were down 1% to £5.9 billion and underlying revenue down was down 1.5%. Adjusted EBITDA decreased by 4% to £1.8 billion, a figure the company says reflects its investment in sports rights and customer experience, along with higher pension costs, business rates and decline in Global Services partly offset by cost savings. The net cash inflow from operating activities was reported at £1.2 billion down £464 million, and it had a normalised free cash flow of £689 million, down £205 million due to working capital phasing and higher capital expenditure.

As for Liberty Global, the company saw a revenue increase of 3% in Q3 of 2017 (2% year to date) bringing it to $3.9 billion. Operating cash flow for the quarter hit $1.8 billion for the quarter and regionally the UK & Ireland accounted for 4% of the operating cash flow and 1.5% of the revenue for the quarter. Also for the first time over the last three quarters consumer mobile saw growth of 1%.

GTT saw an impressive increase of 50.8% year-on-year in revenues bringing its Q3 total to $198.9 million. its adjusted EBITDA rose by 75.0% year-on-year to $56.2 million. It reported a net loss of $17.5 million due to non-recurring costs related to the Global Capacity acquisition and the term loan repricing. Capital expenditure came in at $9.1 million and the company set its next financial objectives of $2 billion in revenue and $550 million in adjusted EBITDA.

According to its end of quarter results, Microsoft reported revenues of $24.5 billion showing an increase of 12%, operating income was $7.7 billion increased by 15%, net income for the term was $6.6 billion up 16% and diluted earnings per share was $0.84 an increase of 17% all percentages are year-on-year.

In terms of its number of users, daily active users on Facebook were 1.37 billion on average, an increase of 16% year-on-year. Monthly active users came in at 2.07 billion with the same increase of 16% year-on-year. Mobile advertising revenue for the company represented 88% of the total advertising revenue for the third quarter of 2017, up from approximately 84% quarter-on-quarter. Capital expenditures for Q3 were $1.76 billion.

Airtel says that its total customer base at the quarter sits at 383.5 million across 17 countries, up 7.7% year-on-year. It showed a loss in revenue with a reporter Rs 21,777 crore ($3.2 billion), down 10.4% year-on-year. Regionally, Indian revenues were down 13.0% while Africa revenues were up 2.8% year-on-year. Consolidated EBITDA was Rs 8,004 crore ($12.3 billion), down 15.4% year-on-year while net Income for the quarter at Rs 343 crore ($5.3 million) versus Rs 1,461 crore ($2.1 billion) for the same quarter last year.

For Samsung, revenue for the quarter was KRW 62.05 trillion ($55.4 billion), an increase of KRW 14.23 trillion ($12 billion) year-on-year. Operating profit for the quarter came in at KRW 14.53 trillion ($12 billion), indicating a staggering increase of KRW 9.33 trillion ($8 billion) year-on-year. The company said the strong demand for high-performance memory chipsets for servers and flagship mobile devices was a contributing factor to the company’s positive performance.