Verizon’s total revenue was $33.3 billion, slightly below the expected $33.43 billion
Verizon stock dipped today following mixed third-quarter results, which showed the telco missing revenue estimates due to a 9% decline in wireless equipment sales.
Verizon’s total revenue was $33.3 billion, slightly below the expected...
Cisco has crossed the $1 billion mark in AI sales, according to CEO Charles Robbins
Following reports earlier this week that thousands of Cisco employees will soon be out of a job, the company has released its Q4 and fiscal year (FY) 2024 results, reporting...
Greetings from Louisiana, Texas, Nebraska and Missouri. Pictured are several of my colleagues and various city and civic officials cutting the ribbon in Nevada, Missouri. This represents the fifth new Fastwyre market launch in the Show-Me state in 2023 and the eighth overall. Kudos to the...
While Network sales declined by 13%, Enterprise sales grew by a 20%, and in total, Ericsson reported $6.3 billion) in sales
Ericsson reported a loss of $65.2 million in its second quarter and shares slid down 8.7%., but said its overall results are “in line with expectations.” Further,...
Rural customers are 'purchasing products beyond Internet,' says Charter CFO
While Charter Communications reported $6.65 EPS for the Q1 2023 quarter, missing analysts’ consensus estimates by $0.56 per share, it still managed to post a revenue of $13.65 billion for the same period, a 3.4%...
AT&T CEO: '2022 was the most profitable year ever for our mobility business'
AT&T ended 2022 in a good position. The carrier reported that wireless service revenues went up 5.2% in the last quarter, while consumer broadband revenues increased by 7.2%. The carrier also added...
Verizon reported a net loss of 189,000 consumer phone subscribers and a churn rate of 0.88%
Verizon reported mixed third-quarter results today as revenues topped estimates at $34.2 billion, an increase of 4% from third-quarter 2021, but also added a mere 8,000 postpaid phone subscribers,...
Cisco CEO said company is benefitting from long-term technology shifts towards hybrid cloud, 5G and WiFi 6
Cisco has reported $13.1 billion in revenue for its fiscal fourth quarter and a net income on a generally accepted accounting principles (GAAP) basis of $2.8 billion, topping...
'We know AWS is a huge opportunity,' said the CFO
Amazon reported second quarter results after the bell on Thursday, posting revenue of $121.2 billion, higher than the $119.5 billion analysts expected. The company reported a net loss of 20 cents per share for the quarter, worse...
Foreign exchange pressures and Russia cost Redmond, but cloud revenue increased 28% to $25 billion
Microsoft Corp. announced earnings Tuesday for the quarter ending June 30, 2022, offering up its slowest revenue growth since 2020. The company with $51.9 billion in revenue, up 12% Year over Year...
Greetings from Canandaigua Lake (upstate NY - pictured), Jefferson City (Missouri), and Kansas City. The temps have heated up along with 2Q earnings releases, and stock prices for AT&T and Verizon are melting like double-dipped ice cream cones in the July heat. This week,...
Hybrid cloud accounted for more than a third of IBM’s total revenue
IBM handily beat Wall Street expectations for its second quarter, and showed promising results as the company goes all-in on its full-stack hybrid cloud strategy. The tech giant this week reported adjusted earnings...
Thanksgiving greetings from the West, Midwest and Southeast, where we are hitting the road and logging many miles. This week’s picture, however, comes from a Charlotte-based startup that I have been advising since the early 2018 (Lucid Drone Technologies). They were the belles of...
Ericsson has secured 5G contracts from all three top U.S. carriers, helping the company absorb losses in China
Ericsson has reported third-quarter profit of $665.2 million. The company’s loss of market share in mainland China — due to tensions resulting from Sweden’s ban on Huawei...
September greetings from the Midwest and Southeast. Rather than show a picture of rural America (I am building up a considerable collection), this week’s opening picture is a throwback rediscovered during our recent move back to Kansas City - the Georgetown University Sprint Leadership...
August greetings from Nebraska, Missouri, Louisiana, Iowa, Illinois, and North Carollina. Pictured is the Capital One Tower in downtown Lake Charles (pre-hurricane pictures here). Yes, those are boards, not an artistic glass mosaic. It’s been nearly a year since Hurricane Laura took dead aim on...
Verizon reported first quarter revenue up 4% from a year ago, but that gain was marred by net phone losses of 178,000. The company reporting that its first quarter revenue was $32.9 billion, with non-GAAP earnings of $1.31 a share.
However, while Verizon's consumer Fios...
US Cellular reported a total operating revenue of $1.073 billion for the Q4 2020
According to its President and CEO Laurent Therivel, US Cellular “met the challenges of 2020 successfully,” with the carrier reporting a total operating revenue of $1.073 billion for the fourth quarter...
5G expansion remains a priority for Verizon as it heads into 2021
Verizon’s fourth quarter saw adjusted earnings that beat analyst estimates, even as the carrier failed to meet revenue and postpaid wireless phone subscriber goals.
The first compatible iPhone was launched in the fourth quarter...
AT&T added more than 5 million domestic wireless net adds in Q3
During the AT&T 2020 Q3 earnings call, the latest quarter was summed up as follows: strong connectivity results; business transformation on track; and improved cash flow. Digging deeper into these assessments shows that...
US Cellular reports net income of $68 million for Q2
While US Cellular CEO Laurent C. Therivel, who took over the post in early July, acknowledged that many aspects of the company’s performance this past quarter were impacted by the pandemic, he also reported “very...
Network infrastructure market to become more competitive as 5G rolls out
As second quarter results were revealed, network infrastructure vendors Ericsson and Nokia both reported a growth in revenue, driven by increased sales in North American and interest in 5G technology.
Ericsson’s sales adjusted for comparable units and currency increased...
Deutsche Telekom, Europe's largest carrier by revenue, saw increasing profits in the first quarter of 2015, exceeding expectations. Revenue rose 13.1% to $18.84 billion, and adjusted earnings before interest, taxes, depreciation and amortization increased 11% to $5.16 billion, beating the $4.98 billion predicted in a...
