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Alcatel-Lucent sees Q1 revenues up as Nokia buy approaches

The networking company posted a net loss for the quarter.

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Alcatel-Lucent has released its Q1 financial results, showing a revenue rise but a net loss.

Revenues rose to €3.235 from €2,963 in Q1 2014, a year-on-year increase of nine percent.

The Paris-based networking company saw a gross profit of €1.119 billion compared to €956 million in Q1 2014. However, it reported a net loss of €72 million in Q1 2015 compared to €73 million in the equivalent 2014 period.

The quarter saw Nokia announcing its plans to acquire Alcatel-Lucent, creating a third global player in the networking market to rival Huawei and Ericsson.

Michel Combes, CEO of Alcatel-Lucent, said: "Our first quarter 2015 results reflect not only strong growth in our next-generation products, but also the diligent efforts we have made to turn Alcatel-Lucent around and build a more resilient organisation.

"Evidence of our progress is shown through the continued improvement in margins and cash flow. Execution of the Shift Plan is and will continue to be our top priority, underlined by our commitment to reach our positive free cash flow target in 2015. These results help pave the way for successful execution of our goals as we prepare for our combination with Nokia."

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