Vodafone Sales Growth Beats as German Service Revenue Rises
Vodafone Group Plc reported organic revenue growth last quarter that beat analysts’ expectations as the mobile operator focuses on its biggest markets and Germany returned to growth.
Organic service revenue grew 5.1% in the fourth quarter ending in March to €8.6 billion ($10.1 billion), the Newbury, England-based carrier said in a report Tuesday. That compares to the average analyst estimate of 4.9% growth, according to data compiled by Bloomberg.