iTWire - Telstra tipped to post record profit

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HP job cuts loom for Australian employees

A number of Australian employees of Hewlett-Packard are facing the loss of their jobs as the global computer giant looks to slash its worldwide workforce by up to 30,000.

Telstra tipped to post record profit

Stuart Corner
Saturday, 10 September 2005 14:29

IT Industry - Deals

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Telstra will announce its full year results on Thursday, 11 August and analysts are predicting a record profit. Dow Jones reported that the average forecast from seven major brokerages was for a net profit to rise of around 5.6 percent to $4.35 billion, with estimates ranging from Smith Barney's $4.25 billion to JPMorgan's $4.49 billion. Telstra booked a net profit of $4.12 billion for the year to 30 June 2004.

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