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Alcatel-Lucent posts first annual profit in four years
2016-02-12 09:13:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent recorded revenue up 15 percent and up 4 percent at constant exchange rates to EUR 4.16 billion in Q4 2015, versus EUR 3.68 billion in Q4 2014. Gross profit rose to EUR 1.64 billion from EUR 1.28 billion. The company saw a 36 percent rise in next-generation technology revenue in Q4 2015, accounting for 79 percent of total revenue, versus 67 percent in Q4 2014. Q4 2015 net profit came in at EUR 589 million, but over the full year the company made a smaller net profit, EUR 257 million, compared with a EUR 118 million net loss in 2014. It was Alcatel-Lucent's first full year profit since 2011, giving it healthy finances for its new parent company, Nokia.
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Category:Telecommunications