We may earn commissions if you use the recommended services on this site.  

Notification of Significant Shareholdings

Latest Business News

Publisac Flyer Service to Cease Operations in Quebec, Leaving Local Newspapers in Limbo

The Publisac flyer service in Quebec is set to shut down, creating uncertainty for local newspapers in the region.

Profit Decline and Restructuring Costs

Despite experiencing record customer growth and solid revenue, Telus Corp. reported a significant 74% drop in profits for its latest quarter. The decline was attributed to costs associated with restructuring efforts, including the elimination of 6,000 jobs due to regulatory and competitive challenges.

Analyst Expectations and Revenue Boost

Telus saw a 7.5% increase in operating revenues, reaching $4.99 billion in the third quarter. Although adjusted basic earnings per share fell, they slightly exceeded analyst expectations.
Record Customer Growth and Market Performance
Telus achieved a quarterly record of 406,000 net customer additions, driven by demand for bundled services. The company's market performance remained in line with expectations, with the full benefits of its restructuring plans yet to be fully reflected in results. In conclusion, Telus' latest financial report highlights the challenges of maintaining profitability despite impressive customer growth. The company's ongoing restructuring efforts and focus on bundled services demonstrate its commitment to adapt to the evolving telecommunications landscape.

Impact of Telus' Financial Report on New Businesses

The recent financial report from Telus Corp. presents a fascinating paradox that could have significant implications for new businesses, particularly those in the telecommunications sector.

Profitability versus Customer Growth

Despite achieving record customer growth and robust revenue increase, Telus reported a substantial 74% drop in profits. This underscores the reality that customer growth doesn't always translate into increased profitability, a critical lesson for new businesses to consider when developing their growth strategies.

Costs of Restructuring

Telus' profit decline was attributed to restructuring costs, including job cuts. This highlights the potential financial implications of restructuring, which new businesses may need to consider when planning for scalability and growth.
Adapting to Market Changes
Despite the challenges, Telus' commitment to adapt to the evolving telecommunications landscape, as demonstrated by its focus on bundled services and restructuring efforts, is commendable. This offers a valuable lesson for new businesses about the importance of adaptability in a competitive and rapidly changing market. In conclusion, Telus' financial report provides critical insights for new businesses, emphasizing the complex relationship between customer growth and profitability, the potential costs of restructuring, and the importance of market adaptability.
Story First Published at: https://financialpost.com/globe-newswire/notification-of-major-shareholdings-3
Brought to you by BusinessFormation.io
Know Your State's Registered Agent Requirements: What is a Registered Agent
Learn How To Create An LLC: What Is An LLC and How To Start an LLC Online
Business Formation Services: View Top 3 Online LLC Filing Companies

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.