Vodafone Announces Service Revenue Growth and Guidance Upgrade
VOD Vodafone Group plc ADR
$15.50 -1.21%
View chart & analysis → - 1Vodafone reported a 6.4% growth in service revenue for the Vodafone Group in the second quarter.
- 2Vodafone raised its annual organic growth guidance for adjusted EBITDAaL and free cash flow to achieve its net cost savings target of 1 billion euros by fiscal year 2030.
- 3Vodafone announced a reduction of 2,300 employees in Germany.
So what's the key point?
Vodafone's service revenue grew by 6.4%. The company raised its profit outlook to meet cost-cutting goals and decided to reduce its workforce in Germany.
Source The Motley Fool +1 · View original ↗
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