Comcast Cable reported revenue of $5.1 billion for Q1, representing a $453 million or 9.7% increase from the $4.7 billion in the first quarter of 2004. Comcast High-Speed Internet service revenue increased 32.5% to $925 million. Video revenue increased $178 million or 5.6% to $3.4 billion in Q1. Comcast added 414,000 cable modem customers in Q1 giving it a total of 7.4 million subscribers, representing a penetration rate of 18.3% of available homes. Average monthly revenue per subscriber was $42.81 in the first quarter of 2005, a slight increase from the first quarter of 2004. Comcast Cable added 200,000 new digital customers, giving it a total of 8.8 million subscribers. Digital cable penetration reached 41.1% of basic subscribers. Comcast has deployed a combined 1.6 million set-top boxes with DVR and/or HDTV programming capability, an increase of more than 1 million in the past year. More than 428,000 or 25% of these advanced set-top boxes were deployed in Q1, generating an incremental $5 to $10 of monthly revenue per box. CAPEX increased 8.5% to $883 million from the same period last year.
Across the globe, CEOs and their leadership teams continue to seek information and guidance about planned Digital Transformation initiatives and the most effective enterprise organization change management practices. Worldwide IT and Business Services revenue will grow from $1.13 trillion in 2022 to $1.2 trillion in 2023 -- that's a 5.7 percent year-over-year growth, according to the latest market study by International Data Corporation (IDC). The mid-term to long-term outlook for the market has also increased -- the five-year CAGR is forecast at 5.2 percent, compared to the previous 4.9 percent. Digital Sevices & Consulting Market Development IDC has raised the growth projection despite a weak economic outlook, because of vendor performances across 2022, growth indicators from adjacent markets, increased government funding, and inflation impacts. The actual 2022 market growth was 6.7 percent (in constant currency), which was 87 basis points higher than forecast last year, alth