Friday 04 February 2022

*UKHotViewsExtra* BT Q3 sets pattern for FY22

UKHotViewsExtra: BT Q3 sets pattern for FY22Yesterday’s third quarter results set a pattern for BT’s financial year, with the telco continuing to balance consistent revenue declines against EBITDA improvements driven by its ongoing transformation and cost reduction strategy. The Q3 numbers now point to a 2% year on year drop in turnover for the full financial year.UKHotViewsExtra: BT Q3 sets pattern for FY22

All eyes are on BT’s long term plan which predicts an extra £1.5bn of normalised free cash flow by the end of the decade, derived solely from lower capex and operating costs enabled by its move to an all fibre, all IP network. But should the telco fail to simultaneously halt (and ideally reverse) the continuing revenue shrinkage in its Global and Enterprise divisions, those improvements could ultimately be academic.

TechMarketView subscribers, including those signed up to UKHotViewsPremium, can read more detailed analysis of BT’s Q3 performance and its prospects for future growth in our HotViewsExtra “BT Q3 sets pattern for FY22” here. If you are not yet a subscriber, please contact Deb Seth to find out how to access this and much more.

Posted by Martin Courtney at '06:52' - Tagged: results   cloud   iot   cybersecurity   telecommunications   Q322