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Business News » World News

Vodafone reports better-than-expected 2.2 percent growth in first-quarter

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Updated: Fri, Jul 21, 2017
11:54 am
Reuters

Vodafone , the world`s second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey.

The company said the rise in organic service revenue, which was ahead of market forecasts of 1.4 to 1.9 percent, gave it confidence in its outlook for the full year, when it expects to grow core earnings by 4-8 percent.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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