Home / Networking / Comcast's business services revenue surges in Q1; Home automation, security shows promise

Comcast's business services revenue surges in Q1; Home automation, security shows promise


Comcast’s ongoing diversification strategy continues to pay off as the cable giant lands more business customers and hits a $6 billion annual revenue run rate.

The company reported its first quarter results and highlighted business services as well as security and automation growth for the smart home.

Overall, Comcast reported first quarter earnings of $2.56 billion, or 53 cents a share, on revenue of $20.46 billion, up 8.9 percent from a year ago. Analysts expected earnings of 44 cents per share on revenue of $20.12 billion.

Also: Comcast’s Xfinity Mobile success revolves around customer loyalty, retention, lifetime value | Comcast completes acquisition of Icontrol’s IoT and home security arm

Comcast added 297,000 customers in the first quarter. Business services revenue was $1.49 billion, up 13.6 percent from a year ago.

comcast-q1-2017-breakdown-2.png

What’s worth noting is the mix of customer additions for Comcast. Comcast added 263,000 residential customers and most of them were single product (primarily internet) or double-play (TV and internet) additions. Comcast added 34,000 business customers and 5,000 security and automation additions.

Comcast’s security and automation business includes devices and networking to automate and secure homes.

comcast-q1-breakdown-2017.png

Nokia and Facebook test new tech on subsea fiber optic cable



Source link

About admin

Check Also

ericsson-intel-5g.png

Ericsson trials Verizon 5G and VR at Indianapolis 500

(Image: Screenshot by Corinne Reichert/ZDNet) Ericsson has announced a trial of 5G network technology and ...

Leave a Reply