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Verizon's Shammo: Enterprise spending is showing signs of life

2014-12-10 08:59:35| IT Services - Topix.net

Verizon may still be seeing slow growth in the enterprise space, but it's starting to see some potential light at the end of the tunnel that could bring it back into profitability over the next year. Speaking at the UBS 42nd Annual Global Media and Communications Conference, Fran Shammo, EVP and CFO for Verizon, told investors that while enterprise services revenues declined 4 percent year-over-year, they are seeing some uptick in areas such as the federal government.

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