20.10.2015 - Verizon Communications has improved financial performance
Verizon Communications Company reported an increase in profits. Recently, the company faces strong competition from other telecommunications companies. Over the last quarter the company added 1.29 million users, that is up 15% than the growth in the same period of the last year. Overall, the company reported a profit of 4.04 billion dollars against 3.7 billion in the same period last year. Revenue increased by 5% to 33.2 billion dollars. We expect moderate growth of 10-15% per annum in the medium term.