Alcatel-Lucent posts financial results for the third quarter
Alcatel-Lucent has reported a net loss of Euro 146 million for the third quarter, 2012. The company had reported a net profit of Euro 194 million during the corresponding quarter in 2011. Alcatel has cited restructuring costs and lower sales as the main reason for higher losses.
The company’s revenues for the reported quarter stood at Euro 3,599 million. For the same period, the company reported adjusted gross profit of Euro 1,004 million or 27.9 per cent of revenues and an adjusted operating loss of Euro 125 million or 3.5 per cent of revenues. The net debt (cash) stood at Euro 84 million as of September 30, 2012.
According to the company its revenue growth and gross margin have been impacted by overall carrier spending dynamics and product mix, especially in wireless.
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