verizon earnings date 2020factset investor day 2018
Second quarter adjusted EBITDA margin was 37.9% as compared to 37.7% in the prior year and includes headwinds of approximately 30 basis points from the deferral of commission expense that Brady discussed earlier.Through our Business Excellence program, we have realized cumulative cash savings of $7.2 billion and remain on-track to achieve our goal of $10 billion of cumulative cash savings by the end of 2021.
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But we do also expect customer behavior to continue to reflect what's going on. Year-to-date cash flow from operating activities totaled $23.6 billion, an increase of $7.7 billion from the prior year. Consumer operating revenues were down 4%, primarily driven by a significant decrease in wireless equipment revenue due to low activation levels. Several studies
But I wonder if you could just sort of -- two things, first drill down a little bit into the actual use cases for 5G that you are seeing from your particularly business customers that you think are starting to materialize?And then, just I wonder if you could just talk about the health of your customers, and I think in particular about municipalities and cities and towns, for some of those applications where budgets are now very perilous, but even large enterprises where they're seeing big downturns because of the recession and how much that really affects the likely uptake of 5G in terms of timelines?Thank you, Craig.
Operator, we're ready for the next question.Thank you. So, it contains
over react to minor bad news and give up some gains if not all. Our Advance Stock Chart for VZ is one-stop-shop for all technical charting analysis. We will continue our focus on operational efficiencies even after the current target is achieved.The current environment provides us with the opportunity to explore additional longer-term business transformation initiatives and related cost savings.Let's now turn to our segment results, starting with Consumer Group on Slide 8. That should give less of an impact there.Service revenue is hope we would see a lower impact, but we'll see how the quarter plays out. That's the only way and that's not a one-time thing. I mean, if you think about the mobile edge compute, I mean, just the last week, we announced partnership with IBM and with SAP that's going to be part of the 5G new mobile edge compute in order to serve our customers. PE Ratio:
Thanks, Simon. We had the tax benefit from the item that we recognized in the fourth quarter last year. Price at Last Earnings:
But not only that, we have continued to work well on our net debt. You get not only the best network, you get some of the best services that are -- roaming at the moment.
Great. Next Day Volatility (% Day High - % Day Low). Let me start with the last question, I'll come back to the other.When we see the customers, I think, that first of all, when it comes to our governmental business, as you have seen, that has been really going well for the last few quarters here in the pandemic. Ride-the-Wave targets multi-day price momentum following a company’s earnings announcement
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premium to make the trade worthwhile. And we basically have two, three or two I would say, per industry vertical that are lead customers for us. So, Matt.Thank you, Hans. We ended at around 1.5 million accounts, so it was right in line with our expectations 90 days ago.I'll tell you what's most encouraging though is, what we're seeing in terms of payment patterns from the customers, we have approximately a third of the customers current as of the end of June.
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verizon earnings date 2020