Vonage may have raked in $216 million in revenue, netting itself $14 million in profit, but things still seem to be heading in the wrong direction for the company. We're not even talking about the sharp decrease in net income -- the $350 million made in the last quarter was thanks in large part to a one-time tax benefit. Revenue remained flat sequentially at $216 million, but was down slightly from the same time last year.
Amazon just reported earnings for the first quarter of 2012. Net sales increased 34% to $13.18 billion in the first quarter, compared with $9.86 billion in first quarter 2011. Net income decreased 35% to $130 million in the first qu... Read Post
AT&T Wireless managed to slow down subscriber churn during the second quarter, allowing the company to show profit gains despite nearly flat overall revenue. AT&T witnessed a jump in net income from $3.6 billion to $3.9 million, inc... Read Post