Comcast's business services revenue surges in Q1;
Larry Dignan for Between the Lines: 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.
Comcast added 297,000 customers in the first quarter. Business services revenue was $1.49 billion, up 13.6 percent from a year ago. Full Article:
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