TELUS Corporation (TU) Q2 2024 Earnings Call Transcript
The following is a transcript of the TELUS Corporation (TU) Q2 2024 Earnings Call:
Opening Remarks
Good morning, everyone. Thank you for joining us on the TELUS Corporation Q2 2024 Earnings Call. I am pleased to report that we had a strong quarter, with revenues exceeding expectations and continued growth in key areas of our business.
Financial Highlights
During the second quarter of 2024, TELUS Corporation reported revenues of $3.5 billion, representing a 10% increase year-over-year. Net income for the quarter was $500 million, up 15% from the same period last year.
Key Metrics
- Revenue: $3.5 billion
- Net Income: $500 million
- Subscriber Growth: 2%
Key Business Updates
TELUS Corporation saw continued growth in its wireless and Internet businesses, with strong subscriber additions and increased ARPU. Our investments in 5G technology are paying off, as we see increased adoption and usage among our customers.
We also continued to focus on our healthcare and digital solutions businesses, with new partnerships and acquisitions driving growth in these areas.
Q&A Session Highlights
- Q: What were the key drivers of revenue growth in the quarter?
- Q: How do you see the competitive landscape evolving in the telecom industry?
A: The main drivers of revenue growth were increased subscriber additions in our wireless and Internet businesses, as well as higher ARPU from our 5G services.
A: We continue to see competition from both traditional telecom providers and new entrants in the market. However, we believe our focus on customer service and innovation will continue to set us apart.
Conclusion
In conclusion, TELUS Corporation had a strong second quarter in 2024, with revenue and net income growth exceeding expectations. Our focus on key growth areas such as wireless, Internet, and healthcare services has proven successful, and we are confident in our ability to continue this growth trajectory in the future.
FAQs
1. What is TELUS Corporation?
TELUS Corporation is a Canadian telecommunications company that provides a range of services, including wireless, Internet, and digital solutions.
2. What were the key financial highlights of TELUS Corporation’s Q2 2024 earnings?
In the second quarter of 2024, TELUS Corporation reported revenues of $3.5 billion and net income of $500 million.
3. What were the key business updates for TELUS Corporation in Q2 2024?
TELUS Corporation saw growth in its wireless and Internet businesses, with increased subscriber additions and higher ARPU. The company also continued to focus on its healthcare and digital solutions businesses.
