Their shares are up on the news, but surely investors have to start asking how long revenues can keep falling while they squeeze the life out of the business to keep profits steady (disclaimer: I'm an ex-employee, so this is not necessarily an objective viewpoint).
Fibre-gobbling punters help BT deposit solid profit
BT reported this morning that its sales had fallen 5 per cent for the three months ended 31 December, however earnings and cash generation remained steady, the company added. The national telco's third quarter revenue stood at £4.77bn, while adjusted pre-tax profit for the period was £628m - up 18 per cent compared with a year …
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