The second largest U. S. cable company, Time Warner Cable Inc., reported the first quarter profits. Supported by the addition of customers and capital-spending cuts, the statistics, proved the analyst wrong. Excluding the restructuring cost, the profit was 82 cents on an average. The Sales advanced to 5.4% to $4.6 billion unexpectedly. This year, the company starts on a very good note.

The CEO, Glenn Britt has stripped the spending items of the company, like the set top boxes and network upgrades, in order to allure the customers for faster internet services.

During the tough economic times Time Warner Cable survived and now is back with a bang. They have a strong competitive position and the management continues to focus on growth of the company. The stock climbed to 28% but yesterday saw a drop down of 15 cents to 53.13% in the New York Stock Exchange.

With the forecast of adding 320,000 new customers, the company added almost 378,000 customers. With the growth from the internet business, Time Warner Cable wants to make up for the basic cable subscriber loss. Video revenue also rose up to 2.7%, whereas high speed data revenue rose to 8.4%

Net income climbed up to 30% to $214 million.