CenturyLink, Level 3, On Path to Merge, Report Smaller Profit
CenturyLink reported $163 million in Q1 profit compared to $236 million for the year ago quarter, while its total operating revenues were $4.2 billion compared to $4.4 billion.
CenturyLink reported $163 million in Q1 profit compared to $236 million for the year ago quarter, while its total operating revenues were $4.2 billion compared to $4.4 billion.
AT&T’s first-quarter revenues from business customers totaled $16.8 billion, down 4.3 percent, due to declines in legacy wireline services and fewer wireless equipment upgrades.
CenturyLink’s business segment revenues were $2.55 billion in the fourth quarter, down 4.1 percent from the year ago quarter, primarily due to a decline in legacy revenues, which was partially offset by 3 percent growth in high-bandwidth data revenues.
Level 3’s North America enterprise core network services (CNS) revenue increased 3 percent during the fourth quarter compared to the year-ago quarter, while global enterprise CNS revenue was up 2 percent.
Revenue from strategic business services grew by $226 million, or 8.3 percent, compared to the year-ago quarter.
IoT revenue looks to be a bright spot, with a large opportunity for partners looming.
Growth in mobility and strategic business services offset declines in legacy services and a continuing low-growth economy.
Enterprise service revenue was $491 million, up 3 percent from the year-ago quarter. Data and integrated services revenues were up 5.6 percent.
Second-quarter profit was $196 million, compared to $143 million in the year ago quarter, exceeding analysts’ expectations.
North America enterprise CNS revenue grew almost 6 percent year over year.
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