AT&T reported net income of $2.2 billion for the third quarter of 2006, up significantly from $1.2 billion before SBC Communications and AT&T merged last November.Before the merger, the old AT&T posted net income of $520 million for the third quarter of 2005. The new AT&T’s net income, released Monday, still outpaced the combined net incomes of the two companies by nearly 23 percent.Growth in nearly all areas, including large-business services and consumer and business wireline service, fueled the quarterly report. AT&T’s directory services posted a 5.3 percent drop from SBC’s third quarter of 2005, but that was the only business segment with a decline.The new company had a “great” third quarter, Edward Whitacre, AT&T’s chairman and chief executive officer, said in a written statement. AT&T is meeting its goals of integrating the operations of the old AT&T and ramping up the financial performance of Cingular Wireless, and the company has “excellent momentum,” he said. AT&T posted revenue of $15.6 billion, or 56 cents per share, for the third quarter, which ended Sept. 30. That’s up nearly 52 percent from SBC’s third-quarter revenue of $10.3 billion in the third quarter of 2005. The old AT&T posted revenue of $6.6 billion in the third quarter of 2005, meaning that, compared to the combined revenue of the two old companies, the new AT&T’s revenue dropped slightly.Cingular Wireless, which AT&T co-owns with BellSouth, had revenue of $9.6 billion for the third quarter, up more than 9 percent from the $8.7 billion revenue from a year earlier. Income at Cingular was $1.1 billion, up from $326 million in the same period last year. AT&T is in the midst of seeking regulatory approval for a merger with BellSouth.-Grant Gross, IDG News Service (Washington Bureau)Related Links: AT&T to Build a City Wi-Fi Network DoJ OKs AT&T’s BellSouth BuyCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature 10 most popular IT certifications for 2023 Certifications are a great way to show employers you have the right IT skills and specializations for the job. These 10 certs are the ones IT pros are most likely to pursue, according to data from Dice. By Sarah K. White May 26, 2023 8 mins Certifications Careers interview Stepping up to the challenge of a global conglomerate CIO role Dr. Amrut Urkude became CIO of Reliance Polyester after his company was acquired by Reliance Industries. He discusses challenges IT leaders face while transitioning from a small company to a large multinational enterprise, and how to overcome them. By Yashvendra Singh May 26, 2023 7 mins Digital Transformation Careers brandpost With the new financial year looming, now is a good time to review your Microsoft 365 licenses By Veronica Lew May 25, 2023 5 mins Lenovo news Alteryx works in generative AI for speedy analytics results OpenAI integration and AI wizardry for report generation are aimed at making Alteryx’s analytics products more accessible. By Jon Gold May 25, 2023 3 mins Analytics Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe