AT&T posts solid Q1 earnings
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Recession, reshmession. If AT&T is any indication, we’re doing just fine. The telecom giant announced its Q1 earnings report this morning, and things are looking pretty good. The company posted a $3.5 billion profit, based off gross sales of $30.7 billion. That represents growth of 4.6% over the same period last year, numbers made even more impressive when compared against the general downward trend that seems to be pervading most sectors of the American economy. AT&T added 1.7 million customers, and saw an overall spike of 53.7% in data usage, which now accounts for over 20% of the wireless division’s income. U-Verse was similarly successful, with over 350,000 new customers added to the fold. Nice pull, guys.
easy to make record profits when you lay off 10% of your workforce
I im one small way contributed to that by selling everyone BlackBerrys ages 13 to 80 with data plan out the door : – )
when i said 10% of the workforce, i should have said 10% of non-customer facing workforce
And you should have said it hasn’t happened yet so it doesn’t effect 1st quarter earnings.
little do you know, that we just went through a round of layoffs in march.
That’s amazing that they made money with most of their phones going through the warranty exchange process like 5 times and then getting a different model another 5 times and repeating the same process until your contract is up and you have to buy a different phone.