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Wireless

Sprint FY profit up in line with guidance, sees further improvement in 2018

Thursday 3 May 2018 | 09:11 CET | News
Sprint reported improvement in results for its fiscal year to March and said it expects further growth in the current year. While revenues were still down 2.8 percent to USD 32.4 billion, adjusted EBITDA increased to USD 11.1 billion from USD 9.9 billion the previous year, in line with its outlook thanks to cost reductions. The net result was a profit of USD 7.4 billion versus a loss of USD 1.2 billion, helped by one-time tax gains of USD 7.1 billion, and free cash flow grew to USD 841 million from USD 521 million, despite a strong increase in capex.

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Categories: Mobile & Wireless
Companies: Sprint
Countries: United States
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