Facebook just turned in a very strong quarter, with its revenue and earnings per share both beating analyst expectations. The company reported sequential-quarter user figures that were soft, but Facebook’s stock is now in the green after-hours. Driving its strong financial performance in the period was high average revenue per user, or ARPU.
China Telecom, the third-largest telecommunications company in that country, reported better-than-expected 4Q profit as customers using the iPhone helped boost sales of wireless data.
Net earnings fell 17 percent to 2.36 billion yuan ($380 million USD) from 2.84 billion yuan a year earlier, but outperformed the 2.04 billion yuan average estimated by analysts asked by Bloomberg.
EE, the U.K.’s first and still only 4G network operator, has broken out 4G-specific customer numbers for the first time — confirming that after five months of 4G trading it has hit a total of 318,000 4G-specific customers out of a total of 13.7 million postpaid mobile subscribers in the quarter (so around 2.3% of its postpaid mobile customers are on 4G).
After allowing for currency fluctuations Primus Telecom has reported that net revenue for its Australian subsidiary in Q1 of 2010 increased $US1.3m or 1.9 percent, from fourth quarter 2009 and decreased $US0.7m or 1.4 percent, from first quarter 2009.
Red Hat has by all measures hit the big time, providing validation of the open source business model that even the harshest critics will have a hard time brushing aside. In its fourth quarter, Red Hat's revenue reached $245 million, up 25 percent from last year. The Linux distribution vendor's fourth quarter subscription revenue was $209 million, up 24 percent from the previous year.
Apple is gearing up for the iPhone 5′s launch in China, tracking down all the necessary certifications it requires ahead of launch, and now the Wall Street Journal is reporting that China Telecom, the country’s third-largest operator, will offer it by early December, if not earlier, echoing statements made by Apple CEO Tim Cook.
Today Facebook reported its second-quarter financial performance, including revenue of $1.81 billion. Analysts had expected Facebook to earn $0.14 per share on a top line of $1.62 billion. The company’s revenue figure released today is an all time quarterly high for the firm.
Facebook’s second-quarter revenue is up 53 percent on a year-over-year basis.
HTC released third quarter financial results today, and the trajectory is not good. For the fourth consecutive quarter, profits were down, this time by a whopping 79% compared to the previous quarter. Net income for the third quarter was down to $133 million compared to $247 million for the second quarter.