AT&T appears to be on solid financial footing despite reporting a $12.7 billion loss last week for its second quarter, ended June 30. The loss resulted from $13.1 billion in charges AT&T took to reflect lower valuation of its broadband cable-TV business. Revenue came in at $12.1 billion, down 8.7% from the same quarter a year ago, mainly because of declines in AT&T's long-distance voice business, offset by increases in data, IP, and managed services.
"AT&T is looking pretty solid, despite the losses," says Kate Gerwig, principal analyst at Current Analysis. "If you're looking for stability, then AT&T's one of the top telecom companies out there right now."
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.
InformationWeek Must Reads Oct. 21, 2014InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.