Verizon revenue rises 3.8 percent; gains more subscribers

Reuters News
Posted: Apr 21, 2015 7:50 AM

(Reuters) - Verizon Communications Inc's quarterly revenue rose 3.8 percent due to higher net addition of postpaid subscribers as users added more devices to data plans.

Net income attributable to Verizon was $4.22 billion, or $1.02 per share, in the first quarter, compared with $3.95 billion, or $1.15 per share, a year earlier.

Revenue rose to $31.98 billion from $30.82 billion. The company added 565,000 net retail postpaid customers in the quarter ended March 31.

(Reporting by Malathi Nayak in New York and Supantha Mukherjee in Bengaluru)