AT&T Pumps Up New-Service Numbers.(2nd quarter earnings report)(Brief Article)
Multichannel News, July, 2000 by FARRELL, MIKE
Fueled by growth in its digital-cable, high-speed Internet and cable-telephony segments, AT&T Broadband reported pro forma revenue and cash-flow growth of 10 percent and 6 percent, respectively, for the second quarter. Pro forma revenue at AT&T Broadband was $2.4 billion in the period and pro forma operational cash flow rose to $556 million.
Overall, AT&T Corp. reported revenue of $16.2 billion, up 4.5 percent, and earnings of $1.9 billion, or 57 cents per share, compared with $1.6 billion (49 cents) a year ago. Those results include Media-One Group Inc., which AT&T acquired in a deal that closed shortly before the end of the second quarter. AT&T Broadband added 200,000 digital subscribers in the period, ending the quarter with 2.2 million...
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