Lucent Technologies Inc. said its orders have climbed 16 percent compared to the same period last year, confirming the company’s claim to have put its turbulent years behind it.
In a statement to the U.S. Securities and Exchange Commission, the vendor said its order backlog as of Sept. 30 stood at $2.2 billion in contrast to $1.9 billion at the same time last year.
The company reported its first profit in the last quarter after several quarters of losses, layoffs and other forms of cost-cutting measures.
