| As of Tuesday, August 25th: |
Since the start of the quarter, the Q2 growth rate has risen from -31.1% to -27.4%. (Data provided by Thomson Reuters)
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Alcatel-Lucent expects to see improved margins going forward, it said on Thursday after reporting a deeper second-quarter underyling loss, hit by telecoms operators' cuts in capital expenditures.
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The French-American telecoms equipment group said it aimed to be near "break-even" this year at the adjusted operating level and focus on generating cash.
"Operationally we are seeing positive trends in our top-line, gross margin and operating expenses," Chief Executive Ben Verwaayen said in a statement.
Alcatel-Lucent [ALU
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] repeated that it expected its market to see a 8-12 percent drop in revenues at constant currencies this year.
The group made an operating loss of 130 million euros in the second quarter, up from an operating loss of 21 million euros in the same period last year.
The adjusted operating loss came at 62 million euros for the period against a profit of 93 million euros last year.
Revenues during the second quarter to June 30 fell 4.8 percent to 3.905 billion euros.
The shares, which were worth more than 12 euros before Alcatel's merger with Lucent in 2006, are currently hovering around 1.8 euros and have gained 18 percent since the beginning of the year.
Shares in Alcatel-Lucent rose 9.4 percent by the end of the day.
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Data is a real-time snapshot *Data is delayed at least 15 minutes