Alcatel-Lucent posts €353 million net loss for Q1, 2013
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Alcatel-Lucent posts €353 million net loss for Q1, 2013

Alcatel-Lucent today announced it has suffered a €353 million net loss for Q1, 2013.

The French vendor revealed in its quarterly figures, however, its revenue had risen 0.6% to €3.2 billion which was largely generated from North America, which contributed to 48% of the vendor’s overall revenue.

US operators Verizon Communications and AT&T have spent heavily on high-speed networks this year and the vendor has also completed a trial of 400G with Canada’s Shaw Communications in April.

European revenue dropped by 10% to €771 million and there was also a decline of 5.8% to €467 million in Asia-Pacific.

Michel Combes replaced Ben Verwaayen as Alcatel-Lucent’s CEO in February in an effort to turn around the troubled vendor’s fortunes and said he saw some “encouraging trends”.

“We are actively reviewing the group’s businesses and operating model to design the conditions for value creation in the future,” said Combes.

“I am looking forward to sharing the outcome in early summer.”

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