Verizon Named Top Company for Multicultural Women
New York-based Verizon has been recognized by Working Mother magazine as one of the Best Companies for Multicultural Women for the fourth consecutive year. The magazine's list provides a detailed look at corporations that are continuously benefitting from the skills of multicultural women in professional settings.
Applicants provided Working Mother magazine with critical data points, in order to be considered for the list of Best Companies for Multicultural Women. For this year's list, the most important factors were development, representation, training and advancement of multicultural women.
Verizon's Southeast Region President, Michelle Robinson, will be featured in Working Mother's June/July 2009 issue. In early 2009, Vice President for National Enterprise Sales and Distribution for Verizon Wireless, Rose Kirk, was honored as Working 'other of the Year' by Working Mother magazine.
Women play integral roles in developing and operating Verizon's global IP and advanced broadband networks, holding critical positions including Senior Vice President of Network Program Management, and Senior Vice President of Global Engineering and Planning. Women account for 28% of Verizon's senior management jobs. Additionally, women and minorities hold almost 60% of the company's positions.
"Creating an environment where all employees can thrive is essential to a company's success," said Carol Evans, President of Working Mother Media. "Each Best Company for Multicultural Women demonstrates commitment to diversity by putting its money where its mouth is - through key programs and practices. However, there's still a long way to go. The Best Companies are leading the way, but others need to strengthen initiatives for women and protect programs they put in place prior to the recession."
Verizon offers a Gradual Return to Work Program for employees returning to work after childbirth. This program allows employees to return to work on a shortened work schedule, while keeping complete coverage for all Verizon benefits.
Verizon Wins 2009 Green Choice Award
Natural Health magazine has presented Verizon Communications with its 2009 Green Choice Award. Verizon has been recognized for its environmental efforts in recycling and conservation, such as initiatives to encourage subscribers to opt for paperless documents.
Verizon FiOS Adds 6 HD Channels
New York City-based Verizon and the largest independent distributor and producer of first-run syndicated TV programming for broadcast television stations, Entertainment Studios, revealed on Monday that six new HD channels will be included with the Verizon FiOS HD lineup. Verizon's FiOS TV service is provided via the nation's most sophisticated fiber-optic network - directly to subscribers' homes and businesses.
Verizon Improves FiOS Service
Have you ever left for work or school, only to remember that you failed to schedule the recording of your favorite TV program?
Verizon Reveals 1Q Earnings
Today, New York City-based Verizon Communications revealed its first quarter earnings. Despite the nation’s weak economic status, Verizon’s earnings and revenue increased during 2009’s first quarter (1Q), producing an impressive cash flow. FiOS, wireless, and strategic business services experienced high sales in the first quarter.
Up 1.8% from 57 cents per share to 58 cents per share, Verizon announced an increased earnings per share (EPS) for 1Q 2009. Up 3.3% from 61 cents per share to 63 cents per share, 2009’s first quarter earnings grew as well.
Compared with 2008’s 1Q results, Verizon’s complete operating revenues increased 11.6% to $26.6 billion. Much of the growth can be attributed to the company’s acquisition of Alltel Corporation. Revenue increased 3.3%, based on a pro forma basis.
Up 19%, or $1 billion, cash flows from operations reached $6.4 billion for the first quarter of 2009. Up $1.5 billion, free cash flow totaled $2.7 billion, with capital expenditures reaching $3.7 billion during 1Q 2009.
"Our business groups executed with excellence in the first quarter," said Verizon Chairman and CEO Ivan Seidenberg. "Our operational and financial discipline produced continued revenue and earnings growth, as well as an expansion of our already strong operating cash flows. A highlight of the quarter was our successful completion of the Alltel acquisition. We quickly began integration efforts, and we are aggressively pursuing synergies."
In regards to Verizon’s FiOS TV service, during the first quarter:
- Verizon increased its FiOS TV customer base by 299,000 new subscribers. That’s an 83.8% increase, compared to 1Q 2008.
- Verizon expanded its sales penetration of FiOS TV from 18.7% to 22.9% of potential subscribers.
- Verizon increased its FiOS Internet subscriber base by 298,000 new customers. That’s a 55.5% increase, compared to 1Q 2008.
- Verizon expanded its sales penetration of FiOS Internet from 23% to 26.8% of potential subscribers.