Alcatel-Lucent sales drop 8%

Monster vendor Alcatel-Lucent said Tuesday that first quarter revenues fell 8 per cent year on year to Eur3.9b. The company made an operating loss of Eur260m.

Alcatel-Lucent said the loss was driven by lower revenues as well as investments in WCDMA and in its converged core portfolio.

“We anticipated that some of the factors which affected our business in the fourth quarter would continue in the early months of the year leading to some revenue decline,” said Alcatel-Lucent CEO Patricia Russo.

“Our first quarter results were impacted by lower volumes in traditional wireless and core networks at a time when considerable investments were made in the next generation of these technologies,” Russo added.