BT Group has announced its 2007-08 Q3 results. Its business line, BT Global Services has shifted up a gear in the quarter, combining significantly higher EBITDA margin with strong revenue growth and signing first-rate contracts across all geographies, products and services. Below are some key highlights:
* BT Global Services revenue grew by 6 per cent in the quarter to £1,965 million and EBITDA before leaver costs grew by 23 per cent to £215 million, resulting in an increase in EBITDA margin to 10.9 per cent compared with 9.5 per cent last year.
* New wave revenue rose by £138 million to £1,628 million, an increase of 9 per cent. Outside the UK, the trend of strong international performance continued with revenue growing by 22 per cent. Total MPLS revenue rose by 29 per cent to £213 million.
* Total orders in the quarter amounted to £1.9 billion, bringing the value of orders achieved over the last twelve months to £8.6 billion. Networked IT services contract orders were £1.3 billion in the quarter, bringing contract orders for the last twelve months to £5.1 billion.
* In total, 136 new corporate customers outside the UK signed orders with BT in the quarter.
* In December, BT announced the proposed acquisition of Frontline, one of the leading providers of end to end IT services within the Asia Pacific region. Based in Singapore and with operations throughout the region, Frontline strongly complements BT’s existing networked IT services capabilities and expands BT’s global footprint.
Attached is the press release of the BT Group Q3 results FYI.
Zahir Vatchagandhy
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