Tencent Holdings: 2Q19 Earnings Snapshot
Tencent posted its 2Q19 earnings on August 14, 2019. MTN Consulting's one-slide review is now available for download: MTN Consulting - Earnings snapshot 2Q19 - Tencent ...read more
AT&T and Verizon’s 4Q18 results hint at more layoffs as operators gear up for 5G
The 4Q18 results of the two US wireless biggies AT&T and Verizon suggests that headcount reduction remains a common focus. Both operators need to reduce their debt burden ahead of the 5G push. Some highlights from their financial results: ...read more
Weak network spending climate becoming more apparent
Fidelity’s “Communications Equipment” index is up nearly 11% so far this year, tracking just a few points behind the S&P 500’s YTD gain of about 15%. Looking ahead, though, the communications equipment sector remains challenged, something...read more
First Few 3Q17 Telecom Vendor Reports: YTD Revenues Down 3.4%
If you’re looking for a capex bump in the telecom sector, results for 3Q17 so far won’t reassure you. The vendors that have reported are not seeing much growth. For six vendors (or divisions) with high exposure to telecom, annualized revenues ...read more
Early Telco Reporters Verizon & Rogers Provide Mixed Signals For Vendors
The first sizable telcos reported 3Q17 earnings this morning: Verizon and Rogers. Both can point to reassuring bottom line results. For the 9 months ended September, operating & net margins improved year-over-year, as did earnings per share. Roge...read more
India’s RCom Under Pressure After Its Failed Merger With Aircel
Reliance Communications’ (RCom) long-planned merger with Aircel, part of Maxis, fell apart last week in the face of legal and regulatory hurdles. This news comes as multiple operators in India are struggling with debt and declining margins. Both...read more
Security Specialist Barracuda Reports 7% Revenue Growth; Margins Still An Issue
Barracuda Networks, a security/data protection solution vendor, yesterday reported $94.3M in revenues for the quarter ended August (~3Q17). That’s 7% growth from the prior year (June-August 2016). This growth rate would satisfy many companies, in...read more
Third Quarter Earnings Season Around The Corner (And Yes, It’s Cloudy)
Over the next 3 weeks, companies across the communications sector will begin reporting third quarter (3Q17) results. Watch for telco progress The world has never been so reliant on secure communications, but the underlying market is in a bit of...read more
Comtech Expects Flat 2018; US Market An Issue?
If you follow telecom closely yet haven’t heard of Comtech, that’s no surprise. Acquisition of TCS in 2016 doubled the company’s size Comtech Telecommunications Corp. is far smaller than the biggest vendors in the market (Huawei, Ericss...read more