BT reported quarterly revenue of 4,864 million pounds Sterling, up 3 percent, a profit of 639 million pounds, up 24 percent, and earnings per share 5.8 pence, up 26 percent over last year, before special items. Revenue has now increased for ten consecutive quarters. Some highlights from the quarter:
- BT had 8.7 million wholesale broadband connections at June 30, 2006, including 580,000 local loop unbundled lines, an increase of 2.9 million connections year on year and 535,000 connections in the quarter. The definition of broadband connections has been adjusted to include BT own use and test lines as sourced from equivalent BT Wholesale systems on which a data cleanse has also been performed and the statistics above are quoted on a consistent basis. Over 40 per cent of all UK homes now subscribe to broadband services.
- Growth in new wave revenue continued and at 1,641 million pounds was 18 percent higher than last year. New wave revenue accounted for 34 per cent of the group’s revenue compared to 29 percent in the first quarter of last year. New wave revenue is mainly generated from networked IT services, broadband and mobility.
- Networked IT services revenue grew by 9 per cent to 981 million pounds, broadband revenue increased by 45 per cent to 454 million pounds and mobility revenue increased by 8 per cent to 71 million pounds.
- The 12 month rolling average revenue per consumer household (net of mobile termination charges) of 253 pounds increased by 2 pounds compared to last quarter, the second successive quarter of growth.
http://www.btplc.com