Story image

Vodafone year end results show revenue growth and profit drop

04 Sep 18

Vodafone announced today its financial results for the year ended March 31 2018, which demonstrate strong growth for the company in revenue, mobile market share and fibre connections.  

Innovations in both mobile and fixed, including Vodafone TV and Vodafone Pass, underpinned the strong performance.

Total revenue grew by $5.1 million year on year to $2,030 million as it grew its mobile customer base by 92,000 in the last 12 months.

More customers took up interest-free handset offers, growing Vodafone’s estimated share of handsets sold in the past 12 months to 44%.

“Market response to innovations we launched over the last year including Vodafone Pass and, more recently Unlimited Mobile with free Netflix (Ts&Cs apply), have enabled us to maintain our market-leading Average Revenue Per User (ARPU) in mobile,” says Vodafone CEO Russell Stanners.

Successful My Flex and Vodafone Pass campaigns materially contributed to Vodafone’s strong mobile performance.  

Since the launch of Vodafone Pass in November 2017, customers have taken up 2.6 million passes.    

Vodafone made a profit after tax of $39 million, representing a year on year drop of $7.7 million largely due to declining Broadband profitability in a highly competitive market, one-off advisor costs incurred in preparing to potentially IPO Vodafone New Zealand and foreign exchange losses.

Vodafone New Zealand continued to hold its number two position in the fixed market with strong growth in fibre broadband connections despite price competition.  

The company also launched Vodafone TV during the year, a TV service which brings Sky TV, free-to-air and a range of app-based entertainment services, including Netflix, together in one set-top box system.

Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Review: Blue Mic’s Satellite headphones are good but...
Blue Mic’s newest wireless headphones deliver on sound, aesthetic, and comfort - but there is a more insidious issue at hand.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
Forcepoint and Chillisoft - “a powerful combination”
Following Chillisoft’s portfolio expansion by signing on Forcepoint, the companies’ execs explain how this is a match made in cybersecurity heaven.
David Hickling in memoriam: “Celebrate the life and the music it made”
Dave was a well-respected presence in the IT channel and his recent death was felt by all the many people who knew him as a colleague and a friend.