Data And Wireless Services Give SBC Boost In 4Q - 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

Data And Wireless Services Give SBC Boost In 4Q

SBC Communications Inc., the nation's second-largest local phone company, cited surges in demand for wireless and data services for improved fourth-quarter results, which met Wall Street expectations.

In a statement Thursday, SBC reported fourth-quarter income of $1.95 billion, or 57 cents a share, up 5.6% from last year, when the company posted income of $1.85 billion, or 54 cents a share. Revenue increased 9.1%, to $14.07 billion, for the quarter ended Dec. 31, up from $12.91 billion in 1999. Results for fiscal 2000 include revenue of $53.3 billion, up 8.8% from $49 billion in fiscal 1999, and earnings of $7.7 billion, up 4.1% from $7.4 billion. Diluted earnings per share for the year were $2.26, up 5.1%, from $2.15. None of these figures include one-time costs, such as the acquisition of Midwestern telco Ameritech.

SBC said highlights of the quarter included a 44.3% growth in data revenue to $2.2 billion, a surge of 251,000 new digital subscriber line customers, and a net gain of 814,000 customers by Cingular Wireless, which SBC co-owns with BellSouth.

TeleChoice analyst Adam Guglielmo says the results are good news and even a little better than he expected. "It's pretty solid growth, especially in the DSL space," he says. Guglielmo expects the company to grow solidly in the coming quarter and continue to expand aggressively, particularly in the DSL business.

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
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
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