Moody's says Telstra's annual results show that the risks from its major transformation have 'receded significantlv. " According to Ovum, they show that the reality of transformation has started to hlt home.rnTelstra reported strong results for the year to 30 June 2009, with three percent revenue growth, 13 percent increase of free cash flow to $4.4 billion, and 10 percent growth in profit to $4.1 billion.
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