Cingular posted a strong second quarter as the company continues to see gains from its merger with AT&T Wireless. While revenue increased only a modest 7%, profit spiked 267% to a record $540 million. Cingular remains the largest carrier in the US, with 57.3 million customers.
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It's easy to spike your profits when you cut the commissions being paid to Agents and sales reps. They do not even spend money to buy chairs for the sales reps in the Corp owned stores.