BT brought in revenues of Â£5.1 billion (â‚¬6.47 billion), up 3% on last year. The news was greeted by a 10% drop in share price.
The telco made earnings before interest, taxation, depreciation and amortisation (EBITDA) of Â£1.433 billion, up 1% on the same period a year ago.
The company remains confident it will hit revenue targets for the full year, but warned of margin pressure, partly due to currency changes.
For The Register's full report see http://www.theregister.co.uk/2008/07/31/bt_quarter_targets/