SPOTLIGHT: BT quarterly profit drops, revenue increases

BT reported that profit for its fiscal fourth quarter was down about 6.2 percent to $828 million, while revenue rose about 2.5 percent to $10.5 billion. BT has suffered through some difficult quarters of late, and this time, declining wholesale service revenue hampered the company, but a major bright spot in the most recent quarter was global services. Revenue rose about 10 percent in that increasingly important segment. See this story at the New York Times

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