Thursday, August 4, 2011

TELUS Q2 Revenue Rises 6.4% YoY

Driven by a nearly 10 per cent growth in wireless revenue and three per cent growth in wireline revenue, TELUS reported Q2 revenue of $2.55 billion, an increase of 6.4 per cent over the same period last year. EBITDA of $950 million increased by almost three per cent due to revenue growth, offset in part by higher costs to acquire and retain wireless customers and to support Optik TV growth. Net income and earnings per share (EPS) for the second quarter were $324 million and $0.99, representing year-over-year increases of 7.3 and 5.3 per cent, respectively.

Some highlights:

The company added 94,000 new wireless subscribers in the quarter.

Wireless data revenue surged by 49 per cent, which more than offset declining voice revenues, resulting in wireless average revenue per unit (ARPU) growth of 2.5 per cent.

In the wireline segment, the company added 46,000 TV customers to surpass the 400,000 subscriber milestone. Combined with 13,000 new high-speed Internet subscribers this performance helped generate wireline data revenue growth of 14 per cent.

TELUS boosted its guidance for consolidated revenues by $200 to $300 million based on increases in both the wireless and wireline business segments. Capital expenditures are also increased from approximately $1.7 billion to approximately $1.8 billion, primarily reflecting an increase in this year's investment in the LTE rollout.

See also