Sprint's first quarter report

20 Apr 2005 | Sprint | 0 comments


Sprint has announced today its first quarter earnings. They have reported a 94% improvement compared to the first quarter of 2004. Sprint had $472 million net income ($225 million, same period in 2004) and a revenue of $3.87 billion. Operating income was $1.0 billion in the first quarter ($724 million in 2004).

"Sprint's solid performance in the first quarter reflects the continued dedication of our employees in pursuing 2005 objectives while also focusing on our proposed merger with Nextel and the planned subsequent spin-off of our local operations. I fully expect Sprint Nextel will be the company with the best growth profile of any of the integrated telecom companies, will engage the best people in the industry, and will be the best positioned to take full advantage of the emerging converged data-services marketplace," said Gary Forsee, Sprint Chairman and Chief Executive Officer.