MultiChoice loses 800K subscribers amid rapid profit decline
In this week's tech news roundup, Video entertainment firm MultiChoice is facing “the most challenging operating conditions in almost 40 years" to generate desired returns. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #Multichoice #revenue News Links: https://www.itweb.co.za/article/sa-on-cusp-of-becoming-centre-of-innovation-says-nyati/G98Yd7LGL3EvX2PD https://www.itweb.co.za/article/mtn-group-revenue-plummets-in-q3/WnpNgq21JwoMVrGd https://www.itweb.co.za/article/it-skills-recycling-widens-sas-skills-gap/WnxpEv4Y9aV7V8XL https://www.itweb.co.za/article/heated-debate-over-states-intended-digital-infrastructure-firm/KWEBb7yLGm1vmRjO https://www.itweb.co.za/article/multichoice-loses-800k-subscribers-amid-rapid-profit-decline/KzQenqjynV5MZd2r
Total revenue was $1.42 billion for the fourth quarter of 2023, an increase of 10.3% compared to $1.28 billion for the same quarter of 2022.
The company introduces a raft of measures to save money in anticipation of a dip in revenue as a result of the COVID-19 pandemic.
A tough six months sees flat revenue and a headline loss per share for the beleaguered IT services company.
South African service revenue declined 0.9% in the quarter ended 31 December, but Vodacom's international operations helped the group's overall revenue tick up.
EOH has reported a loss for the year of R104 million, compared to a R1.17 billion profit last year.
The company expects improved full year results, with headline earnings per share likely to rise by between 57% and 77%.
Worldwide CRM software revenue amounted to $39.5 billion in 2017, overtaking database management systems at $36.8 billion.
The telco giant swung back to profit for the year ended 31 December 2017, although the strong rand dented revenue growth.
The increasing popularity of the intuitive investment tool will lead to a global rise in revenues, says a Juniper report.
The mobile operator made a net loss of R588 million in the first half of 2017, despite growing revenue by 11% and adding 1.7 million new subscribers.
The technology services company reported another good set of results due to strong organic growth, complemented by strategic acquisitions.
The group's share price fell over 4.5% after a solid trading statement forecast HEPS growth of between 10% and 20%.?