2024-02-09 16:32:07 ET
TELUS Corporation (TU)
Q4 2023 Results Conference Call
February 9, 2024 12:30 PM ET
Company Participants
Robert Mitchell - Head, Investor Relations
Darren Entwistle - President and Chief Executive Officer
Doug French - Chief Financial Officer
Zainul Mawji - President, Consumer Solutions
Navin Arora - Executive Vice President and President, business Solutions
Tony Geheran - Chief Operating Officer
Jeff Puritt - President and Chief Executive Officer, TELUS International
Conference Call Participants
Vince Valentini - TD Securities
Maher Yaghi - Scotiabank
Jerome Dubreuil - Desjardins
Stephanie Price - CIBC World Markets
Simon Flannery - Morgan Stanley
Presentation
Operator
Good day and welcome to the TELUS 2023 Q4 Earnings Conference Call. I would like to introduce your speaker, Robert Mitchell. Please go ahead.
Robert Mitchell
Hello, everyone. Thank you for joining us today. Our fourth quarter 2023 results news release, MD&A, financial statements and supplemental investor information were posted on our website this morning.
On our call today, we'll begin with remarks by Darren and Doug. For the Q&A portion, we will be joined by other members of our executive leadership team. Briefly, prepared remarks, slides and answers to questions contain forward-looking statements. Actual results could vary materially from these statements, the assumptions on which they are based and the material risks that could cause them to differ are outlined in our public filings with Securities Commissions in Canada and the U.S., including in our fourth quarter annual 2023 MD&A.
With that, over to you, Darren.
Darren Entwistle
Thanks, Randy, and hello, everyone.
Throughout 2023, our team successfully navigated a highly competitive industry and overcame a challenging macroeconomic landscape and dynamic regulatory environment to achieve strong operational and financial results across our business.
Indeed, our results for the year demonstrate execution strength in our TTech business segment, characterized by the potent combination of leading customer growth and strong operational and financial results enhanced by our significant and ongoing focus on cost efficiency. These results were buttressed by improving a resilient fourth quarter profitability from our DLCX segment, despite the continuing challenging macroeconomic operating environment faced by TELUS International.
Robust performance in our core telecom business is underpinned by our globally leading broadband networks and superior customer's first culture. This enabled our strongest fourth quarter customer growth on record with industry leading total net additions of 404,000. This represented an increase of 34% year-over-year, driven by strong demand for our leading portfolio of bundled services across mobility and fixed....
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TELUS Corporation (TU) Q4 2023 Earnings Call Transcript