Financial Results
Zoom beats market expectations with sales and profit growth
Zoom beat many market expectations and posted impressive growth for the second quarter. The big channel player said total revenue reached $1.138 billion for the quarter ended 31 July, 2023, which was up 3.6% year over year, and enterprise revenue was $659.5m, up 10.2% year over year.Exclusive Networks reports record sales for H1
Exclusive Networks delivered a 20% increase in gross sales for the half-year ended June 30, reporting a record €2.3bn.Openreach 718k premises with fibre in Q1
Openreach’s full fibre footprint has expanded to 11 million homes and businesses, 44% of its 25 million premise target. This represents a 718k passed in the quarter at an average build rate of 55k per week.Data centre demand softens TD Synnex revenue drop
TD Synnex saw revenue fall 7.9% to $14.1bn during the second fiscal quarter as demand continues to wane for PC ecosystem products, prompting a decline in the company’s Endpoint Solutions portfolio.SysGroup revenues swell 47% to pass £21m
SysGroup has seen its revenues swell 47% in the financial year ended 31st March, rising from £21.65m to £14.75m (2022).Revenues rise as Nfon prepares for leadership change
Nfon’s strategic realignment facilitated a 5.3% increase in recurring revenues to €19.3m in the first quarter of 2023. Recurring revenues now account for 93.1% of total revenues.BT to cut 55k jobs by 2030
BT Group’s latest financial results predict the firms’ standing in 2030, with 55,000 jobs expected to be shed and a fifth replaced by AI.Vodafone to rightsize with 11k job cuts
Vodafone is cutting 11,000 jobs in the next three years as part of reorganisation plans detailed by Group CEO Margherita Della Valle in the company’s FY23 preliminary results.Economic headwinds weigh heavy on Maintel results
Maintel’s group revenue dropped to £91m (down 12.4%) in its latest financial results due to several economic headwinds.DataSolutions sees revenues swell by 29%
DataSolutions Group hit revenues of £109 million for the financial year ending March 2023, a 29 per cent swell prompted by growth across its cybersecurity (36 per cent) and cloud divisions (26 per cent).
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