Alcatel-Lucent posts Q1 operating loss as sales fall 12%

Thursday 26 April 2012 | 08:50 CET | News
Alcatel-Lucent reported first-quarter revenues down 12.3 percent from a year earlier and 22.7 percent lower versus the fourth quarter, at EUR 3.206 billion. The network equipment maker suffered from a slowdown in spending among European carriers and declining CDMA sales in North America as operators move to LTE. The company posted an adjusted operating loss of EUR 221 million or 6.9 percent of sales, and the gross margin fell to 30.3 percent from 35.3 a year ago. Alcatel said the gross margin should improve in the rest of the year, on a better product mix. The net result for Q1 was a profit

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Categories: General
Companies: Alcatel-Lucent USA/FR
Countries: World
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