AT&T Sees 45% Profit Increase In Fourth Quarter - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

AT&T Sees 45% Profit Increase In Fourth Quarter

Cost cuts and strong demand for its wireless business pushedAT&T's fourth-quarter profits up 45%. The telecommunicationsgiant reported net income of $2 billion, or $1.12 cents ashare. This includes a one-time pre-tax $313 million benefitdue to pension settlements and the adoption of a newaccounting standard. Revenue for the quarter was up 4.8% to$13.5 billion year-over-year.

Total revenue for wireless services was up 25% to $302million compared with the same period last year. Businessservices revenue gained $259 million, or 4.7%, compared withthe fourth quarter of 1997. Revenue from consumer serviceswas down $206 million, or $3.6%, from the comparablequarter. AT&T Solutions revenue was up 34.4% to $322 millionfrom the comparable quarter. AT&T WorldNet and other onlineservices revenue was up 59.8% to $108 million year-over-year.

For the year, AT&T reported revenue of $53.2 billion,compared with $51.5 billion year-over-year. Net income fromcontinuing operations was $5.2 billion, or $3.55 cents ashare, compared with $4.2 billion, or $2.47 cents a share,in fiscal 1997.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Becoming a Self-Taught Cybersecurity Pro
Jessica Davis, Senior Editor, Enterprise Apps,  6/9/2021
News
Ancestry's DevOps Strategy to Control Its CI/CD Pipeline
Joao-Pierre S. Ruth, Senior Writer,  6/4/2021
Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll