Telecom-equipment giant Alcatel-Lucent SA recently posts its profits and revenue in the first quarter.
In the three months to the end of March, Alcatel-Lucent posted a net loss of 10 million euros ($14.6 million) compared to a loss of €515 million recorded in the year-earlier quarter.
Alcatel-Lucent’s sales grew 15.2 percent to euro3.74 billion, with growth particularly strong in North America, its largest market. Sales there grew 40 percent to euro1.56 billion in the first quarter, boosted by demand from phone companies who are upgrading their networks to cope with growing demand for smart phones like the iPhone and BlackBerry.
The company predicts the current momentum will continue on “strong market underpinnings,” Chief Financial Officer Paul Tufano said in an interview.
Alcatel-Lucent supplies telecommunication carriers such as AT&T, Verizon and France Telecom. It competes with European rivals such as LM Ericsson AB of Sweden and Nokia Siemens Networks of Finland.