Vodafone came back in a big way. The world's largest operator, in terms of revenue that is, announced a profit of US$6.76 billion during the six months ended September 30, compared with a loss of US$11 billion during the same period in 2006. Even more impressive was its near 50 percent increase in data revenues during the first six months of its financial year. Data revenues jumped 48.8 percent to US$2 billion in the first half of this year, accounting for 6 percent of the giant operator's total service revenues. Vodafone now supports some 21.4 million 3G devices compared with 11.1 million in 2006.
Vodafone's overall revenues reached US$35 billion, an increase of 9 percent from the same period last fiscal year. The rise was largely driven by emerging markets. Based on these results, Vodafone raised it revenue and profit projections for the full year. Revenue for the year is now anticipated to be around US$71 billion to US$73 billion, while adjusted operating profit will likely fall between US$20 billion and US$20.5 billion.
Vodafone isn't out of the woods yet. The company warned that competitive and regulatory pressures in Europe will put pressure on the company's revenues and margins. That's why it is placing such a heavy emphasis on emerging markets.