Verizon reports Q2 growth, driven by mobile, Fios

Tuesday 21 July 2015 | 15:23 CET | News
Verizon Communications reported USD 32.22 billion in operating revenue in the second quarter, up 2.4 percent on the second quarter of 2014. The operator said top-line revenue growth was driven by wireless and FiOS, with emerging revenue streams from the IoT and telematics, and continued strong cash flow. Operating profit grew 1.8 percent to USD 7.82 billion and net profit by 0.7 percent to USD 4.35 billion, for a 2 percent increase in basic earnings per common share to USD 1.04. Verizon expects a higher year-over-year revenue growth rate in the third quarter and at least 3 percent growth in

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Categories: General
Companies: Verizon
Countries: United States
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