Alcatel-Lucent's Revenue Drops, but Operating Loss Shrinks
Alcatel-Lucent's second-quarter revenue fell 2.4 percent year on year, dragged down by slow sales in fixed-line network equipment and terrestrial optical networks, but the company reduced costs, cutting its operating loss by two-thirds compared to a year earlier.
For the full year, the market for telecommunications equipment and related services will grow, by up to 5 percent, Alcatel-Lucent forecast, although it said nothing about its own revenue growth prospects. Excluding restructuring costs and other exceptional items, the company expects to increase its full-year operating margin to between 1 percent and 5 percent, compared to 0.7 percent in the second quarter, it said.
Revenue for the second quarter totalled
Alcatel-Lucent reported a net loss of
Revenue from Alcatel-Lucent's network equipment business fell 3.4 percent to
Services revenue remained stable at
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