The Globe and Mail reports in its Friday edition that BCE boosted second-quarter profit despite a dip in revenue as the big telco began to feel the effect of thousands of job cuts from earlier this year. A Canadian Press dispatch to The Globe says that Q2 earnings attributable to shareholders jumped 63 per cent year-over-year to $537-million. The higher profit stemmed from lower expenses, including lighter buying obligations and severance and acquisition costs, BCE said. Revenues in the quarter ended June 30 slipped 1 per cent from the same period a year earlier to $6.01-billion. Chief executive officer Mirko Bibic attributed the decrease to cheap offers at rival mobile and Internet providers that drove down prices and lured away customers as well as the closing of 107 outlets of The Source -- 39 per cent of the electronics retailer's locations. "On wireless and on pricing, we are facing the most intense competitive pressure in the history of our industry in Canada," he told analysts on a conference call Thursday. Analyst Jerome Dubreuil of Desjardins called BCE's financial results "slightly positive," as better margins offset lower revenues. "BCE's restructuring plan is becoming more apparent," he said in a note.