Financial Results
Cisco to lay off 7% of workforce with new AI focus
Cisco CFO Scott Herren has told analysts that an AI-focused restructure may see the company lay off near 7 per cent of its workforce (around 6000 people).Public sector wins spur revenue growth for Commsworld
Commsworld reported a 45% rise in adjusted EBITDA and a 28% increase in turnover, spurred by its public sector wins.Maintel transformation spurs EBIDTA growth
Maintel’s EBITDA grew by 28.2% to £4.8m for the six months ended 30 June 2024 driven by new wins in target growth markets, a new streamlined business structure and price increases.Telent doubles profits with long-term focus
Telent’s EBITDA from Operating Activities rose to £27.8m (2023: £14.0m) in the year to the 31 March 2024 and the generated £40.2m of cash from operating activities.Zusi increases turnover by £1.5m
Zusi has increased its turnover by more than £1.5m in the last twelve months and aims to hit £5m within the next three years.Lower inflation drives revenue slowdown for Vodafone UK
Vodafone UK’s revenues grew 0.3% to £1,689m in the year to Q1 2025, with slower growth attributed to lower inflation-linked price rises. The UK now makes up 19% of the Group’s total service revenue.Openreach passes 15 million premises built
Openreach’s FTTP network now passes 15 million premises according to its latest trading update.Wildix drives 31% YoY revenue growth in UK
Wildix has surpassed one million paid users on its UcaaS platform, driving 31% year-on-year revenue growth in the UK and 36% globally.Atos secures €1.7bn to fund restructure
Atos has secured financings of €1.675bn committed by a group of banks and a group of bondholders to fund its financial restructuring plan.NFON grows revenue and profitability in Q1
NFON has advanced with its reorganisation in Q1 2024, growing revenues by 2.2% to £21.2m.
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