AT&T posts solid Q1 earnings

Recession, reshmession. If AT&T is any indication, we’re doing just fine. The telecom giant announced its Q1 earnings report this morning, and things are looking pretty good. The company posted a $3.5 billion profit, based off gross sales of $30.7 billion. That represents growth of 4.6% over the same period last year, numbers made even more impressive when compared against the general downward trend that seems to be pervading most sectors of the American economy. AT&T added 1.7 million customers, and saw an overall spike of  53.7% in data usage, which now accounts for over 20% of the wireless division’s income. U-Verse was similarly successful, with over 350,000 new customers added to the fold. Nice pull, guys.

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