Telecom vendor Alcatel Corp. reported a net income of $280.4 million, signaling its business has scaled the hump of recent downturns. This net income represents 22 cents per share.
Excluding items, the company’s net income stood at $160 million, or 12 cents per share. In the same period last year, the company had a loss of $179.7 million.
“With sales decline stopping, our margins can now benefit from the intense restructuring, which has been carried out,” said Serge Tchuruk, chairman and chief executive officer of the company. He said the company is entering partnerships and fine tuning its mobile and Internet Protocol technologies.
“The Evolium range of solutions for mobile equipment and applications will be further enhanced with unique features supporting a projected growth in sales for the full year,” said Tchuruk.
Alcatel’s mobile business enjoyed a net income of $83 million compared with $18 million in the year-ago period.
The company’s sales were $3.23 billion, down 3 percent from the same period last year when it had $3.37 billion in sales, showing a fairly stable picture year over year.
