World's Leading Assignment Library
BUACC 5930- Accounting Concepts and Practices
Telstra Corporation Limited, popularly referred as Telstra, is the largest telecommunication company in Australia and is engaged in the business of telecommunication networks, internet access, mobile, pay television, and a wide array of other products (Telstra.com.au, 2019).
The company started as a telegram company in 1854 and soon entered into the long-distance telephone or trunk call business in 1876. The business adopted innovations within the telegraph and telephone technologies over time and is credited to have pioneered the first telephone exchange in Australia (Telstra.com.au, 2019).
? The company has witnessed a decline in its revenue in 2018 by 0.95% as compared the previous financial year.
? The company has witnessed a decline of gross margins from 57.7% in 2017 to 52.0% in 2018.
? The company has witnessed a decline in its operating margin from 8% in 2017 to an operating loss of 2.7% in 2018.