AT&T has announced financial results for the second quarter of 2012 and there is reason to rejoice for company executives.
All told, Q2 earnings spiked 8.7%, as the company’s wireless division enjoyed one of its most profitable quarters in company history. Not surprisingly, smartphone sales helped to drive that reality.
AT&T sold a staggering 5.1 million smartphones in the second quarter alone.
AT&T’s growth engines — wireless, wireline data and managed services — represented 80 percent of total revenues when excluding Advertising Solutions, and grew 5.5 percent versus the same quarter a year ago, led by:
- 18.8 percent growth in wireless data revenues, up $1 billion versus the year-earlier quarter
- 13.5 percent growth in strategic business services revenues
- 38.3 percent growth in U-verse revenues
“We executed well across the business and posted another strong quarter with growing revenues, expanding margins and double-digit earnings growth,” said Randall Stephenson, AT&T chairman and chief executive officer. “Our mobile Internet leadership continues, with solid gains in smartphones and tablets, plus our wireless margins have never been better. And most impressive, with this growth, we also achieved our best-ever postpaid wireless churn, which points to the premier experience customers receive on our network. All of these things add to our confidence and enthusiasm looking ahead.”
To read the full earnings report from AT&T, click here.
Mobile Marketing Watch will also cover Apple’s Q2 earnings report later today when results are published at 5:00 PM EST.