Boston, MA 05\/14\/2014 (wallstreetpr) \u2013 TELUS Corporation (USA) (NYSE:TU)<\/b> provides wireless and wireline telecommunication products and services. The company recently revealed that its 1Q performance was characterized with growth across its two main segments. The company expects to continue posting positive performance in the balance of 2014 as it expands market share, launch new products and services and improve customer experience.<\/p>\n
Although the company reported a widely positive quarter, its continue capital expenditure had an impact on the free cash flow that dropped in the latest quarter compared to a year ago. However, the management said the impact on cash flow will be short-lived as the company completes its capital investment plans.<\/p>\n
Rewarding shareholders <\/b><\/p>\n
Increased shareholder-orientation was apparent in TELUS Corporation (USA) (NYSE:TU)’s most recent reporting as the company announced returning significant amount of its free cash flow to shareholders. The company returned $381 million to its shareholders in 1Q2014 of which $159 million was spent on shares repurchase, and $222 million paid out as a dividend. The repurchase of shares has helped the company to win investor confidence as it enhances the value of existing shares.<\/p>\n
The company intends to maintain its dividend payout and shares repurchase.<\/p>\n
Segment growth<\/b><\/p>\n
The 1Q saw revenue from the wireless segment up 5.6 percent. The growth in the wireless segment was supported mainly by the high data usage from the continued adoption of smartphone. The company also experienced subscriber growth in the segment and indicate potential future growth.<\/p>\n
The wireline segment also behaved well during 1Q by managing a 4.4 percent revenue growth, primarily supported by the robust TELUS TV service, increase in revenue per subscriber and growth on Internet subscribers.<\/p>\n
1Q highlights<\/b><\/p>\n
TELUS Corporation (USA) (NYSE:TU) ended 1Q with $2.9 billion in consolidated revenue and EBITDA came in at $1.08 billion, an increase of 4.2 percent from a year ago. The company earned 61 cents per share in the quarter, up 8.9 percent over the same quarter a year ago.<\/p>\n
According to the management, the noted growth indicates improving conditions in the company in a favorable market. The company intends to undertake more austerity measures to support savings.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/14\/2014 (wallstreetpr) \u2013 TELUS Corporation (USA) (NYSE:TU) provides wireless and wireline telecommunication products and services. The company recently revealed that its 1Q performance […]<\/p>\n","protected":false},"author":10,"featured_media":22178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6584,6583],"stock_ticker":[],"class_list":["post-22173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysetu","tag-telus-corporation-usa-nysetu","entry"],"acf":[],"yoast_head":"\n