Boston, MA 05/08/2014 (wallstreetpr) – AT&T Inc. (NYSE:T) has reported the results of the Q1 of the financial year 2014. The company has reportedly given a strong performance and has strategized its operations by investing in growth and development. The results of the company are strong and apart from that AT&Thas also given a better performance that the first quarter of the financial year 2013. The company is strongly headed towards growth and seems all set to begin its journey towards progress.
1Q2014 Results posted
AT&T Inc. (NYSE:T) reported the diluted earning per share as $0.70, which is up in comparison the company’s last year Q1 diluted earning per share of $0.67. The consolidated revenues reported by the company in Q1 2014 amounts to a total sum of $32.5 billion, which is up by more than $1 billion as compared to the previous year’s same quarter. The consolidated revenue has gone up by a 3.6%. AT&Thas reported that it is expecting a full-year revenue growth for this financial year. Only, time will tell, whether this prediction comes true or not.
The company reported a cash flow from operations equivalent to $8.8 billion with $3.0 billion in free cash flow. AT&Talso proudly reported that more than 2 million new wireline and wireless high-speed connections were added in the first quarter. The revenues from wireless broadband connections have gone up by 7% as compared to the last year’s same quarter revenue, AT&Treported.
The Chairman and Chief Executive Officer of AT&T Inc. (NYSE:T), namely, Randall Stephenson, said that the company has been working hard towards transforming their strategies for business and reported that from this quarter onwards they have begun to see the positive results. He also revealed that the customers of AT&T Inc. (NYSE:T) are appreciating the new mobility value proposition and prefer simple pricing to device subsidies. He said that customers are moving towards smartphones with larger data plans, reported the company.
