Verizon (http://www.verizon.com) has announced its second quarter fiscal report. The telecom reported a second consecutive quarter of double-digit percentage growth in year-over-year earnings results and significant increases in operating cash flow. Verizon sold 2.7 million iPhone for the quarter, down from 3.2 million in the previous quarter.

Verizon Wireless generated record-high margins and strong operational results, and Verizon's Wireline segment generated continued increases in revenues from FiOS fiber-optic services and strategic business services. Verizon reported US$0.64 in EPS [earnings per share] in second-quarter 2012, an increase of 12.3% compared with second-quarter 2011 earnings of $0.57 per share. 

In second-quarter 2012, Verizon's total operating revenues were $28.6 billion on a consolidated basis, an increase of 3.7% compared with second-quarter 2011. Consolidated operating income was $5.7 billion in second-quarter 2012, compared with $4.9 billion in second-quarter 2011.  Consolidated EBITDA (non-GAAP, earnings before interest, taxes, depreciation and amortization) totaled $9.8 billion in second-quarter 2012, compared with $9.0 billion in second-quarter 2011.

Cash flow from operating activities totaled $15.3 billion in first-half 2012, compared with $12.8 billion in first-half 2011.  In second-quarter 2012 alone, cash flow from operating activities totaled $9.3 billion, a 20.1 percent increase compared with second-quarter 2011.

For full-year 2012, capital expenditures are expected to be flat to down compared with 2011 capital expenditures of $16.2 billion.