Industry: Communications Services
Fortune Rank: 7
AT&T provides voice, data & video telecommunications services, including cellular telephone & Internet services, to businesses, consumers and government agencies. For the 6 months ended 6/30/05, revenues fell 12% to $13.78B. Net income totaled $836M, up from $412M. Revenues reflect decline in consumer & business retail volumes. Net income was offset by a decrease in depreciation & amortization expense and a lower selling, general & administrative cost.
AT&T Corp. is a business services communications provider, offering a variety of global communications services to over two-million customers, including large domestic and multinational businesses, small and medium-sized businesses and government agencies. The Company operates a telecommunications networks in the United States and, through the Global Network Services, provides an array of services, and customized solutions in 60 countries and 850 cities worldwide. On January 30, 2005 it entered into an Agreement and Plan of Merger with SBC Communications, Inc. (SBC) and a subsidiary of SBC.
AT&T Corp is a Fortune 500 company. In 2010 AT&T Corp was ranked number 7 on the Fortune 500 list, making it the 7th largest company in the United States when judged by revenue.
AT&T Corp achieved revenue of $123,018.00 million in 2010 and earned a profit of $12,535.00 million.
AT&T Corp' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 7th compared to 8th in 2009. This was based on its 2009 revenue of $124,028 million (a change of -1 million compared to 2010) and profits of $12,867 million (a change of $0 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then AT&T Corp would be ranked 8th rather than 7th due to its profits of $12,535 in 2010.
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