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Telefonica has reported their first quarter results for 2009, and the numbers are mixed. Revenues have fallen to EUR 13.7 billion (yes, billion), which is down 1.4% in comparison to last year. When looking at this drop, one has to consider the negative effect exchange rate has had. This alone dropped growth by 4.7%.
The good news from the numbers comes in the form of net profit numbers. In this past quarter the company profited EUR 1.69 billion. That’s a 9.8% increase from the same period in 2008. Telefonica also reported 2.4 million new customers added to their database for the quarter. Most of the new customers have come from Brazil, Germany, Mexico and Argentina.
Looks like Telefonica is weathering the storm quite well.
[Via: CellularNews]
About The Author
James Falconer
James was born and raised in Winnipeg, Canada. Almost 15 years ago he started out in the 'real world' as a web and graphic designer. Through the years he has finely tuned his skills in SEO, internet marketing, conversion strategy, and project management. To date, he runs his own successful consulting business where he advises companies all over the globe. A co-founder of www.crackberry.com, and sole proprietor of www.mactropolis.com, James in recent years has become very active in the tech blogosphere. Online community building and strategy is fast becoming one of his passions. Watch for James' no frills attitude, unique perspective and to-the-point comments here on IntoMobile!
