Thursday, April 25, 2013

Reuters: Technology News: Time Warner Cable revenue rises 7 percent

Reuters: Technology News
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Time Warner Cable revenue rises 7 percent
Apr 25th 2013, 10:20

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The Time Warner Cable office is shown in Carlsbad, California November 5, 2012. REUTERS/Mike Blake

The Time Warner Cable office is shown in Carlsbad, California November 5, 2012.

Credit: Reuters/Mike Blake

Thu Apr 25, 2013 6:40am EDT

(Reuters) - Time Warner Cable Inc, the second largest U.S. cable operator, posted higher quarterly revenue, helped by strong growth in its business services segment.

Net income attributable to the company rose to $401 million, or $1.34 per share, for the first-quarter, from $382 million, or $1.20 per share, a year earlier.

Revenue rose about 6.6 percent to $5.48 billion.

(Reporting By Aurindom Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty)

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