CEO Ben Verwaayen accentuated the positive as he deliveredhis first set of quarterly results in charge of Alcatel-Lucent this morning,with evidence of a recovery in the firm’s fortunes at long last on the horizon.
As was widely expected, the company posted another threemonth loss, but this time Alcatel-Lucent was out by just €41m, compared to€345m last year.
Year-on-year, sales declined 6.6% to €4.06bn but even herethe picture was more optimistic; enterprise and services revenues grew by 6.3%and 16.6% respectively, while carrier revenues fell again by just under 10%.
Verwaayen said: “We are in good shape from a cashstandpoint. We achieved a positive cash flow from operating activities thisquarter through the reduction of our operating working capitalrequirements. We [also] met our revenue guidance in a more challengingmacroeconomic environment.”
He admitted profitability was less than satisfactory andrevealed he would be releasing details of an action plan during the comingmonths to address this. Alcatel-Lucent is also looking into a potential sale ofits 20% stake in defence electronics specialist Thales.
The vendor predicted the comms sector would remainrelatively flat over the coming three months thanks to the impact of therecession.
In other news, Alcatel-Lucent has been appointed toSecerno’s database security consultants programme. Alcatel-Lucent will useSecerno’s SQL Agile product set for application security consulting within itssecurity services division and will also resell Secerno.SQL products to itscustomer base worldwide.