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General

Verizon grows Q1 net profit 25% on business recovery, broadband demand

Wednesday 21 April 2021 | 15:24 CET | News
Verizon reported net profit for the first quarter up 25.4 percent to USD 5.4 billion. The increase was driven by its cost savings programme and a recovery in the B2B market following restructuring there. Revenues rose 4.0 percent to USD 32.9 billion, as growth in broadband and business services as well as higher equipment sales helped offset a drop in the number of mobile customers. 

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Categories: General
Companies: Verizon
Countries: United States
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