View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 18, 1997updated 05 Sep 2016 12:45pm

LUCENT SEEMS TO GET IT ALL RIGHT IN ITS FIRST FULL YEAR

By CBR Staff Writer

Lucent Technologies Inc, Murray Hill, New Jersey saw solid earnings and revenue growth at the high end of the range the company had projected two weeks ago for its second fiscal quarter ended March 31. On April 3, Lucent finance chief Donald Peterson told analysts he expected net income in the range of $55m to $66m or 0.09 to $0.10 a share, more than double the analysts’ consensus estimate at the time. It did $66m, 10 cents a share. Within the figures, revenues for systems for network operators rose 23.3% to $2.93bn, microelectronic products rose 18.3% to $615m and business communications systems were up 14.1% to $1.3bn. But the consumer business is not a happy hunting ground these days, and revenues from consumer products decreased 41% to $174m – expected due to the restructuring of the business to up profitability.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU