Telstra half-year revenue grows nearly 6%, profit declines

(Telecompaper) Australian operator Telstra announced that its total income for the half-year ended 31 December 2017 was up 5.9 percent to AUD 14.5 billion, helped by growth in the mobile and cloud services segments, while EBITDA was down 2.5 percent to AUD 5.1 billion. Net profit declined 5.8 percent to AUD 1.7 billion, hurt by the earlier announced impairment charge of AUD 273 million to write off the remaining carrying value of Ooyala. …read more

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Cisco returns to sales growth of 3% in January quarter

(Telecompaper) Cisco reported a return to revenue growth in its fiscal second quarter to January, its first in two years. Sales were up 3 percent year-on-year to USD 11.9 billion. The company also announced a 14 percent increase in its quarterly dividend to 33 cents a share and an additional USD 25 billion for repurchasing shares. …read more

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