Earnings season is back

Several lessons can be drawn from vendors and operators announcements this week. The telecom market is still healthy, be it on the services side with growth ranging from +5% to +20%, or on the solution side with growth ranging from 20% to 35%.

On the services side, no visible changes in fixed telecom services (slight permanent erosion in revenues and profitability in spite of booming broadband) and in mobile services (moderating growth). Portal services are much more euphoric with growth at about 50%+.

Telecom equipment vendors reported strong mobile revenues (+35-45% growth in mobile phones; +14%-+19% in mobile infra revenues (except Motorola sinking at -14%). Telecom components providers also were doped by the market health: TI at +23%; Qualcomm at +34%. Mobile markets (infra and phones), services were among the most dynamic markets.