BT revenues still held back by Global Services

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BT today reported a slight, but better than expected, rise in revenue in its quarterly results.

The rise of one per cent translates as revenues of 5.2 million compared to 5.1 million for the same time last year.

"We have made a solid start to the year against a background of challenging trading conditions," said Ian Livingstone, chief executive of BT, in a statement.

However, the Global Services division isn't quite up to scratch yet.

It again held back results by reporting a loss of 124 million. But, nonetheless, Livingstone is sticking by the group.

He said: "BT Global Services is making progress although there is still much to do."

It faced problems as the under performing section of the group late last year. This lead to 15,000 layoffs and the departure of chief executive Franois Barrault, who received a 1.6 million payoff.

BT saved money elsewhere, however, with a reduction of 357 million in operating costs and capital expenditure.

Jennifer Scott

Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.

Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.