Alcatel-Lucent Posts lowered Q1 Loss on profitable Networking Division


Alcatel-Lucent, a number one international provider of telecom tools, reaffirmed Friday it aims to come to a positive money go with the flow next year after reporting a lower first quarter loss.

The company’s shares were a high gainer on the Paris CAC forty, exhibiting a achieve of over 2.0  percent to 2.ninety nine euros while the index was down 0. 58 %.

Alcatel-Lucent, which is putting more emphasis on internet tools because it struggles to come back to profitability, has recently been rumored to be of interest to Nokia because the Finnish telecommunication gear maker is flush with money after selling its handset unit to Microsoft.

In the first three months of the yr. Alcatel-Lucent posted a net loss of seventy three million euros ($one hundred and one million), towards 353 million in the identical quarter final yr.

“The improvement of Euro 280 million compared to Q1 2013 was once pushed through the higher stage of running profits, lower restructuring costs and a big discount in internet financial losses,” the French-US company said in a commentary.

Alcatel-Lucent’s adjusted working outcome switched into the black with a revenue of 33 million euros, or 1.1 pic of revenues, in comparison with a loss of 179 million euros final yr.

The corporate stated the turnaround used to be pushed by using a big growth in profitability in its core networking division whereas losses were cut in its mobile get admission to division.

“These results show that we’re continuing our route in opposition to profitability,” the corporate’s chief financial officer Jean Ruby mentioned in a phone convention with journalists.


Comments are closed.