Alcatel-Lucent has received a surprise for analysts' quarterly profit
European telecommunications equipment maker Alcatel-Lucent today reported on the results of the second quarter, showing growth figures above analysts' forecasts campaign against austerity, and the sale of a minority stake in the company Qualcomm. According to Alcatel-Lucent, the operating profit for the second quarter amounted to 24 million euros, while sales rose 1.9% to 3.61 billion. Analysts had expected a drop in revenue and net losses. New CEO Michel Kombe said that Alcatel-Lucent has received a significant increase in orders in the U.S. market telecom equipment.
He also said that the total amount of accumulated company with 2006 losses amounted to about $ 10 billion, and measures to implement austerity will continue. At the same time, Alcatel-Lucent is in talks about a broader partnership program with Qualcomm. "The company has already achieved significant success by implementing a plan of reorganization. New Alcatel-Lucent is actually born, we have reduced costs, announced the program of cooperation and interact with technology partners," - he says. Also, CEO Alcatel-Lucent, said the company plans to sell another 5% of its shares to third-party buyers to replenish cash balance.
On a positive report and news of the sale of securities Shares Alcatel-Lucent in Paris rose by 11% to 1.72 euros, while the total capitalization of the Alcatel-Lucent has exceeded 4 billion Euros. Total available cash flow Alcatel-Lucent to June 30 will be 248 million euros, the number of employees is approximately 72,000 people. Recall that in the previous quarter Alcatel-Lucent showed a loss of 552 million euros, including 194 million euros, aimed at reorganizing. In this quarter, analysts expect the company to a loss of 280 million euros and revenues of 3.48 billion euros.
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