Router Business Shows Revenue Increase
In a review of the router market, Converge Digest reports that Alcatel-Lucent's Q2 revenue increased 2.4 per cent year-over-year and increased 4.4 per cent sequentially to Euro 3.903 billion. At current rates revenue increased over 10 percent year-over-year and increased 7.6 per cent sequentially. Group share was reported at Euro 43 million or Euro 0.02 per share.
"'We are on track for the year. In the second quarter, our next-generation product sales increased sharply, delivering market share gains in IP and optics, driven by the need for capacity and all-IP network transformation. From a geographic standpoint, we enjoyed significant growth in North and Latin America as well as in Asia Pacific. We have strengthened our focus on innovation by realigning our management team and sharpening our strategy further. We have accelerated actions on fixed costs and reduced internal complexity. Free cash flow improved by more than Euro 300 million in the first half of the year compared to the year ago period and throughout the company we are actively driving better working capital management for the remainder of the year.'"