Aided by currency movements, BT said that it now expects its revenue to decline between 3% and 4% in the year to March 31, 2010, rather than the 4% to 5% it had forecast. It also lowered its capital spending forceast for the year to March 31, 2010 to 2.6 billion pounds (4.3 billion US dollars) from 2.7 billion pounds.
In the third-quarter, BT's revenue fell 6% year-on-year, stripping out the impact of currency movements and acquisitions, to 5.12 billion pounds. BT blamed challenging market conditions for a 8% fall in underlying revenue in its global services division and 5% fall in its retail division. source: BT statement