AT&T Quarterly Results Demonstrate Telecom Competitive Advantage

Bernie — Wed, 23 Apr 2008 00:49:30 -0400

AT&T posted pretty strong financial results for the first quarter. For the quarter ended March 31, 2008, AT&T's revenues totaled $30.7 billion, and net income totaled $3.5 billion. The net income increased 21.5% from the year-earlier first quarter. Revenue and income growth was fueled by several factors, including:

18.3% increase in wireless revenues; wireless data revenues from areas such as Internet access, messaging and media bundles up 57.3%
13.2% growth in broadband revenues; 491,000 net gain in broadband connections in the quarter to reach 14.6 million in service
Enterprise revenues up 1.2% and enterprise service revenues up 2.1%, led by a 22.9% increase in revenues from IP based data services
Continued ramp in AT&T U-verse TV subscriber totals, with a first-quarter net gain of 148,000 to reach 379,000 in service; on track to reach target of more than 1 million subscribers by year-end 2008