Comparing the results to its competitors, Verizon Communications Inc reported Total Revenue increase in the 4 quarter 2019 by 1.44 % year on year.
For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Consolidated EBITDA margin (non-GAAP) was 38.1 percent in first-quarter 2019, compared with 36.4 percent in first-quarter 2018. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.
Total Verizon Connect revenues, excluding the impact of the revenue recognition standard, were $234 million in first-quarter 2018. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: adverse conditions in the U.S. and international economies; the effects of competition in the markets in which we operate; material changes in technology or technology substitution; disruption of our key suppliers’ provisioning of products or services; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks; breaches of network or information technology security, natural disasters, terrorist attacks or acts of war or significant litigation and any resulting financial impact not covered by insurance; our high level of indebtedness; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; material adverse changes in labor matters, including labor negotiations, and any resulting financial and/or operational impact; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or treaties, or in their interpretation; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; the inability to implement our business strategies; and the inability to realize the expected benefits of strategic transactions.Verizon is a global leader delivering innovative communications and technology solutions that improve the way our customers live, work and play.NEW YORK - As the 5G mobility era begins, Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported first-quarter 2019 results highlighted by continued wireless service revenue growth and strong earnings per share.Total consolidated operating revenues in first-quarter 2019 were $32.1 billion, up 1.1 percent from first-quarter 2018, primarily driven by strong wireless service revenue growth.
The combined impact was a 4 cent year-over-year headwind to EPS.Net income was $5.2 billion in first-quarter 2019. In 2018, Verizon announced a goal to achieve $10 billion in cumulative cash savings by 2021. Adjusted EBITDA margin (non-GAAP) in first-quarter 2019 was 37.2 percent.Based on the strength of the operational trends in the underlying business, Verizon is raising earnings guidance for full-year 2019:For first-quarter 2019, Verizon reported EPS of $1.22, compared with $1.11 in first-quarter 2018. This initiative has yielded approximately $3.0 billion of cumulative cash savings since this program began. For the second quarter of the year, which ended June 30, Verizon reported operating revenue of $30.46 billion, down 5.1 percent from $32.07 billion in second-quarter 2019. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. SMB revenue, which has been on a growth trajectory for the past several quarters, dropped 6.6 percent during the quarter to $2.60 billion from $2.79 billion in the year-ago period, due to impacts from the pandemic.
Public sector, however, grew 2.1 percent to $1.52 billion during the quarter compared with $1.49 billion last year. We are leading the world in the development of new technologies with the launch of our 5G Ultra Wideband network. Customers have been counting on the Verizon network to stay connected during the unprecedented, global COVID-19 pandemic. But the carrier is actively looking at the opportunities created by the pandemic and resulting economic downturn to come out even stronger, he said.Basking Ridge, N.J.-based Verizon gained 352,000 retail postpaid net additions during the second quarter—up from 245,000 a year ago—including 173,000 phone net additions and 287,000 postpaid smartphone net additions. Forward-looking statements include the information concerning our possible or assumed future results of operations.
Wholesale revenue continued to slide, falling 6 percent to $769 million in the second quarter of 2020 from $818 million in second-quarter 2019.“We are in unprecedented times with multiple crises and a business we have to run happening at the same time,” Vestberg told investors during the carrier‘s fiscal second-quarter 2020 conference call Friday. Forward-looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “expects,” “hopes” or similar expressions.
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verizon connect revenue 2019