Verizon reports highest y-o-y quarterly revenue growth in eleven-year history for 4Q11

US telecoms giant Verizon Communications has reported revenues of USD28.4 billion for the three months ended 31 December 2011, an increase of 7.7% year-on-year; the results mark the company’s highest y-o-y quarterly revenue growth in its eleven-year history. Full year revenues increased 4% to USD110.9 billion, although Verizon notes that the 2010 figure included revenues from operations that have since been divested; on a comparable basis, Verizon’s FY2011 revenues increased 6.2% compared with FY2010

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OVETEL Verizon reports highest y-o-y quarterly revenue growth in eleven-year history for 4Q11