iPhone

AT&T Credits iPhone 3G for Quarterly Earnings

AT&T's Q2 obviously influenced by iPhone 3G launch

By Filip Truta, Apple News Editor

24th of July 2008, 20:06 GMT

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AT&T's revenues totaled $30.9 billion for Q2

Just recently, AT&T has issued a report revealing solid second-quarter results, thanks to strong wireless growth, double-digit gains in revenues from IP-based data services and further expansion of consolidated margins, the company says.

"As we generate sound financial results, AT&T also has taken the lead to innovate and create great solutions for customers," says Randall Stephenson, AT&T chairman and CEO. "Mobility, broadband connectivity and integrated services that encompass voice, data and video are driving a new world of communications. AT&T is all about deploying and enhancing premier networks and products to deliver this world to both business and consumers."

AT&T's Q2 fiscal ended June 30, 2008. The company's revenues totaled $30.9 billion. That's up 4.7 percent versus reported results in the year-earlier quarter and up 3.6 percent compared with second-quarter 2007 pro forma revenues. The quarter includes the iPhone 3G launch, while AT&T itself notes these figures "exclude merger-related accounting impacts on directory revenues."

"The Apple iPhone 3G is a dramatic example of this transformation," Stephenson added. "In the days following our exclusive U.S. launch of this new device, powered by the nation's fastest 3G wireless network, customer response has been everything we had anticipated and more," he explained. "This strengthens our wireless business, and it reinforces our positive view of the opportunities ahead for AT&T and the industry."

AT&T's reported operating expenses for the second quarter of 2008 were of $24.3 billion, down when compared with results for the year-earlier quarter of $24.5 billion. Reported operating income was $6.6 billion, up from $4.9 billion, according to the official report, while AT&T's reported operating income margin topped 21.3 percent, up from 16.8 percent.

Bottom line, AT&T's Q2 2008 saw a net income totaling $3.8 billion, up from $2.9 billion in the year-earlier quarter. Reported earnings per diluted share totaled $0.63, up from $0.47 in the second quarter of 2007, the same report reveals.

TAGS:

AT&T | quarterly earnings | Q2 2008 | iPhone 3G | Randall Stephenson

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