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There may be plenty of tales of intrigue behind the scenes, but it looks like AT&T is still doing alright when it comes to raking in the cash -- it's now announced a 26 percent increase in earnings for the quarter that's just ended. In terms of hard numbers, that translates to a profit of $4.02 billion (up from $3.2 billion a year ago), and $30.8 billion in revenue, which is actually up just 0.6 percent over the previous year, although that modest gain is partly attributed to AT&T... 's sale of Sterling Commerce to IBM for $1.4 billion (which is not included in its results). Other notable stats include 3.2 million iPhone activations for the quarter (a company record), 1.6 million "organic net adds" in wireless subscribers for a total of 90.1 million, and the company's first ever billion-dollar revenue quarter for its U-verse services -- all of which led AT&T CFO Rick Lindner to say that the company is "pleased, pleased across the board." Full press release is after the break.

Continue reading AT&T announces 26 percent earnings growth for Q2, $4b profit

AT&T announces 26 percent earnings growth for Q2, $4b profit originally appeared on Engadget on Thu, 22 Jul 2010 11:27:00 EDT. Please see our terms for use of feeds.

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