TalkTalk posts sixth consecutive quarter of revenue growth

TalkTalk posts sixth consecutive quarter of revenue growth

TalkTalk has reported its sixth consecutive quarter of year-on-year revenue growth of 3.1%. Total revenue was £434m for the quarter ending June 30, up from £421m in the same period a year ago. Net revenue was up 5.2% year-on-year to £322m compared to £306 in the first quarter of 2014.

The company added 24,000 new mobile customers during its first quarter, taking the total to 308,000. 'We saw continuing steady demand for our mobile proposition during the quarter,' it said.

Meanwhile, the telecomns firm completed 10,000 broadband net adds for the quarter to June 30 - its seventh consecutive quarter of base growth.

Continuing strong growth at TalkTalk Business was driven by data product revenues, up 54%. 'In addition to a revenue contribution from Post Office voice customers during the quarter, we also continued to see strong demand for our competitively priced data products for businesses,' said TalkTalk.

It said it was on track to deliver on full-year 2015 financial forecasts and medium-term financial targets.

Speaking on the positive performance, Dido Harding, chief executive of TalkTalk, said: ‘Our strategy for growth continues to deliver according to plan, and we are delighted to report another quarter of base growth and year-on-year revenue progress, including continuing strong momentum in new products such as TV, and data services in TalkTalk Business.'

She continued, 'We expect revenue growth to again build through the year and we are on track to deliver our FY15 revenue and margin guidance, and medium-term financial targets.’


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