AT&T has reported revenues of $30.85 billion in the third quarter of 2009, down 1.6% compared to $31.3 billion in the same period last year. The growth in wireless and advanced wireline data services in large part offset declines in voice, legacy data and print advertising products.
The company has posted an operating income of $5.4 billion, compared to $5.6 billion in the same period a year-ago. The operating income margin was 17.5%, compared to 17.9%. Operating expenses were $25.5 billion, compared to $25.7 billion in the same period last year.
For the quarter ended September 30, 2009, the company posted a net income of $3.19 billion, down 1.2%, compared to $3.23 billion in same period last year. Earnings per diluted share totaled $0.54, compared to $0.55 while cash from operating activities totaled $9.7 billion.
The company’s wireless subscriber base grew by 2m during the quarter, to reach to 81.6m. 4.3m postpaid 3G integrated wireless devices were added to the AT&T’s network, which included 3.2m iPhone activations. Wireless data revenues from messaging, internet access to applications and related services surged 33.6% to $3.6 billion.
Randall Stephenson, chairman and chief executive officer of AT&T, said: We delivered a terrific wireless quarter, IP data growth was strong and execution across the business continues to be solid.
We have moved forward aggressively to further expand in mobile broadband. AT&T U-verse has good traction and is redefining our wired consumer experience. Our advanced business products have proven to be resilient, and we continue to expand our capabilities in areas like network security and global Wi-Fi coverage.”
The company expects consolidated revenues for the full year 2009 to be slightly below 2008 results.
