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Shaw Communications Q1 revenue $1.39 billion

Staff writer ▼ | January 15, 2015
Shaw Communications announced consolidated financial and operating results for the first quarter ended November 30, 2014. Consolidated revenue of $1.39 billion was up 2% over the comparable period last year.
Shaw Communications
Almost flat   Increase of 2% for Shaw
Total operating income before amortization1 of $606 million compared to $608 million last year. Free cash flow for the three month period of $193 million was up compared to $157 million for the same period last year. The improvement was primarily due to lower capital investment in the current quarter.

Net income was $227 million or $0.46 per share for the quarter ended November 30, 2014.
Net income was $227 million or $0.46 per share for the quarter ended November 30, 2014 compared to $245 million or $0.51 per share for the same period last year. The current period included higher amortization and an equity loss of a joint venture, partially offset by lower income taxes.

Revenue and operating income before amortization in the Consumer division of $927 million and $405 million, respectively, compared to $945 million and $413 million for the same period last year. Business Network Services revenue of $127 million for the three month period compared to $119 million in the same period last year and operating income before amortization for the quarter of $61 million compared to $58 million last year.

Business Infrastructure Services revenue and operating income before amortization was $55 million and $21 million, respectively, for the quarter. For information purposes, and excluding the impact of foreign exchange, ViaWest is on track to achieve year-over-year low to mid-teen revenue and operating income before amortization growth.

Quarterly revenue in the Media division of $307 million compared to $325 million last year and operating income before amortization of $119 million compared to $137 million last year.


 

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