Vodafone reported a 2.6% rise in service revenues in the year to March 31st on an organic basis to 38.2 billion euros. However, in the final quarter of the financial year, the growth dropped to 2%. Nick Read, CEO of Vodafone said: "We are not immune to the macro economic challenges in Europe and Africa. But we are very well structured to deal with it." Source: Vodafone presentation.