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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, company forecast. The company expects to increase its full-year operating margin to between 1 percent and 5 percent.”]

Source: https://www.csoonline.com/article/2125530/alcatel-lucent-s-revenue-drops–but-operating-loss-shrinks.html

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