Shares of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) ended Thursday session in green amid volatile trading. The shares closed up +0.16 points or 1.93% at $8.46 with 2.85 million shares getting traded. Post opening the session at $8.34, the shares hit an intraday low of $8.34 and an intraday high of $8.55 and the price vacillated in this range throughout the day. The company has a market cap of $7.81 billion and the numbers of outstanding shares have been calculated to be 1.99 billion shares.
Mobil’nye Telesistemy PAO (ADR) (MBT) on August 18, 2016 announced its unaudited IFRS financial results for the three months ended June 30, 2016.
Key Financial Highlights of Q2 2016
- Consolidated group revenue increased by 5.3% y-o-y to RUB 108.1 bln
- Total revenue in Russia rose by 3.3% y-o-y to RUB 97.4 bln
- Mobile service revenue in Russia increased by 0.1% y-o-y to RUB 72.8 bln
- Sales of goods in Russia increased by 38.7% y-o-y to RUB 10.6 bln
- Active subscriber base increased by 3.5% for the Group to 109.0 mln
- MTS’s proprietary retail network in Russia increased to 5,838 stores
- Revenue in Ukraine increased by 13.5% y-o-y to UAH 2.7 bln
- YTD Free Cash Flow reached nearly RUB 24.0 bln
- Total Group debt fell to RUB 274.5 bln as Net Debt/LTM Adjusted OIBDA remained stable at 1.1x
Mr. Andrei Dubovskov, President and CEO of MTS, commented, “For the period, we are pleased to report strong topline growth of 5.3% as total Group revenue increased to RUB 108.1 bln. Factors that have allowed us to build on our successful 3D strategy and set the pace for the market include: strong retail sales; stable service revenue despite on-going weaker usage in certain mobile market segments; growth in B2C home Internet and pay-tv markets; and growth in Ukraine through the steady adoption of 3G data services.
Shares of Symantec Corporation (NASDAQ:SYMC) ended Thursday session in green amid volatile trading. The shares closed up +0.03 points or 0.12% at $24.95 with 9.48 million shares getting traded. Post opening the session at $24.83, the shares hit an intraday low of $24.75 and an intraday high of $25.19 and the price vacillated in this range throughout the day. The company has a market cap of $15.43 billion and the numbers of outstanding shares have been calculated to be 615.59 million shares.
Symantec Corporation (SYMC) on August 12, 2016 announced that CRN, a brand of The Channel Company, has named Greg Clark, CEO of Symantec, to its 2016 list of Top 100 Executives and John Thompson, Global VP of Partner and Channel Sales, to its 2016 Top 25 Channel Sales Leaders. These annual lists recognize leaders from the technology industry who have played an integral role in shaping IT channel, whether by driving huge cultural shifts, creating rich opportunities or forging innovative new routes to success.
Greg Clark is a security industry veteran with a proven track record in building large, global companies to scale. During his five-year tenure at Blue Coat, Clark was an unparalleled leader, navigating Blue Coat through the rapidly changing world of cybersecurity and making several strategic acquisitions, including that of Perspecsys and Elastica, to strengthen the company’s technology offering. Following the closing of Symantec’s acquisition of Blue Coat on August 1, Clark now serves as the CEO of Symantec and has joined the Symantec Board. Prior to his roles at Symantec and Blue Coat, Clark founded security software firm Dascom, which later became the foundation for IBM’s Tivoli security product. At IBM, he served as a distinguished engineer for security.
John Thompson runs Symantec’s Worldwide Partner Sales, which is a multi-billion dollar ecosystem that includes more security software revenue with the partner community than any other company in the marketplace. Building on two decades of industry experience, Thompson has spent the past two years at the helm of Symantec’s channel led organization overseeing partner incentive programs, sales and coverage models across all partners resulting in new revenue growth for Symantec. Partners will continue to be a pivotal aspect of Symantec’s route to market strategy.
“The executives on our 2016 Top 100 list have led their companies to extraordinary achievements, both technological and entrepreneurial,” said Bob Faletra, CEO of CRN. “We congratulate each of this year’s Top 100 Executives and celebrate their trailblazing contributions to the advancement of the IT channel.”