Hit by declining demand for its telecoms equipment in North America, Alcatel-Lucent reported a 11% year-on-year fall in first quarter revenue, at constant exchange rates, to 3.6 billion euros. However, revenues for its services segment rose 19% year-on-year at constant exchange rates to 797 million euros.
The Paris-based company continues to expect the global telecommunications equipment and related services market to be down between 8% and 12% at constant currencies in 2009. However, it still anticipates an adjusted operating profit around break-even in 2009. source: Alcatel-Lucent statement
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