2. AT&T ( T) is an integrated telecommunications company, with wired and wireless assets. AT&T's revenue has inched up 1% in the past 12 months as net income grew 64% and earnings per share climbed 57%. Its fourth-quarter net margin contracted from 8.9% to 3.5%. AT&T's trailing 12-month pre-tax margin, at 15%, ranks in the 81st percentile for the telecom sector. AT&T achieved $125 billion of sales during fiscal 2010 and more than $18 billion of pre-tax income. It paid $307 million in current taxes to Uncle Sam, down from $1.2 billion in 2009. It enjoyed a deferred tax benefit of $2.1 billion. AT&T was taxed at a 2010 rate of negative 6.4%.