07 Nov 2007
Profit at telecommunications company Nortel rose to $27m (£13m) during the third quarter, a significant improvement on the $63m (£30m) loss reported last year.
But overall revenue of $2.7bn (£1.3bn) slipped eight per cent from $2.9bn (£1.4bn).
Further reading
Figures were affected by Nortel's sale of its Universal Mobile Telecommunication System (UMTS) to rival Alcatel-Lucent last December, said chief executive Mike Zafirovski.
"Adjusted for the UMTS sale, orders in the third quarter were up 9 per cent and up 5 per cent year to date, which demonstrates Nortel's increasing relevance in the marketplace," said Zafirovski.
"With an ongoing focus on customers and execution, we expect to continue to deliver operational and financial improvements in the fourth quarter and beyond. "
Have your say on this article
Newsletters
Latest stories from Mobile
Latest videos
You may also like
Mobile jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
