Alcatel-Lucent's losses continue
For the fifth quarter running, Alcatel-Lucent
reported a net loss: during the first quarter of 2008, it increased to €181
million.
The loss is larger than analysts had anticipated, and larger than during the
same period last year, when the company reported a net loss of €8 million
(US$12.5 million).
Sales also declined, by 0.5 percent, to €3.86 billion for the quarter.
The results leave a distinct feeling of deja vu: like its competitor Ericsson,
which reported first-quarter results last week, Alcatel-Lucent's outlook for
the future is bleaker than previously stated, and the weak dollar is causing
it some major problems.
Alcatel-Lucent now expects the telecommunications market to remain flat in
2008, compared to its previous forecast of flat to slightly up.
The company saw revenue from carrier customers decrease by 4.9 percent year
on year to €2.7 billion, in part due to the ongoing decline in new subscribers
to copper-based broadband access services.
At the same time revenue for the enterprise segment increased by 3 percent,
and revenue from services rose 8.3 percent. In the services segment, revenues
from network integration and professional services grew strongly, driven by
IPTV, IP transformation and applications-integration projects, the company said.
» posted by abennett
IDG News Service
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