However, the loss was marginally narrower than expected, and the Murray Hill, New Jersey-based company said there was a 16% sequential improvement in revenue. It stopped short of giving a forecast for the next two quarters, but said it is sticking to its plan to return to profitability by the end of this year.
Given that it can hardly depend on carriers increasing their spending, the emphasis will be on getting the breakeven point down to $2.4bn of revenue a quarter.
While revenue in the US increased sequentially by 12% to $1.45bn, it was still 40% below the level a year ago. International revenue showed a 22% sequential improvement to $952m and was just 12% below the level a year earlier.
The traditional integrated network solutions operation was the main problem area with just a 1% sequential rise to $1.02bn that was 42% below last year’s level. On the mobility solutions side, there was a 25% sequential improvement to $1.26bn, 20% below last year’s level.
Source: Computerwire
