Verizon outs Q3 results, revenue from data now 36% of total services
An interesting take is the increase in the percentage of revenue brought on by data services. Verizon reports that 35.7% of all service revenues are now coming from providing data, a twenty percent increase compared to the same period in 2009. Cash flow from operations totaled $8.3 billion just in the third quarter, and there was a nice boost in FiOS subscribers. The increase in data-related revenues stands to show that voice will keep diminishing in importance for mobile carriers, for the sake of data charges.
Verizon also boasts being an industry leader in cost per customer - the monthly cash expense per head was just $26.88 in the third quarter.