Alcatel-Lucent Posts EUR33mn Operating Profit In Q114


News: French-US telecoms vendor Alcatel-Lucent posted an operating profit of EUR33mn (USD45.4mn) in Q114, compared to a loss of EUR179mn (USD246.26mn) in Q113. The positive result was attributed to cost reductions, improved profitability within the Core Networking division and reduced losses in the Access division. Net loss decreased to EUR73mn (USD100.43mn) in Q114, from EUR353mn (USD485.64mn) in Q113. Revenues from continuing operations, which excludes the for-sale Enterprise division, saw a 0.3% year-on-year growth at constant exchange rates to EUR2.96bn (USD4.07bn) in Q114.

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Related sectors of this article: Telecoms
Geography: France, United States