Boston, MA 05/28/2014 (wallstreetpr) – The leading American company Alcatel Lucent SA (NYSE:ALU) recently announced the financial results for the Q1 of the year 2014. The company managed to post a significant growth in the past quarter. The details of the financial results are as follow–
Financial Results:
Alcatel Lucent SA (NYSE:ALU) managed to post 4% growth in the group revenues for the Q1 of the current year. Please note that managed services were kept apart from the group revenues. The revenues generated from core networking services increased by 7% on YOY basis. The most important part was played by IP Routing revenues (16%) in the growth of networking segment revenues.
The gross margin of Alcatel Lucent SA (NYSE:ALU) increased by 410 basis points in the previous quarter, the total growth was recorded as 32.3% on YOY basis. Along with the gross margin, the company managed to record adjusted operating income of Euro 33 million. The segment operating cash flow of the company registered a positive growth and improved by Euro 220 million in the first quarter of the current year.
The revenues of the company for the Q1 were Euro 2,963 million. If compared to the revenues posted by the company in the Q1 of the previous year, you can see that revenues grew by 0.3% over the last one year. The fixed cost savings of the company touched Euro 143 million figure and made the total amount till date of Euro 478 million. The company not only registered a positive growth in the revenues and profit part, but also registered negative growth in the expenses part. For example, the SG&A expenses of the company decreased by 20.8% when compared to the Q1 of the previous year. Segment cash flow of the company reached Euro 59 million figure in the Q1 of the current year.
On the basis of these figures, investors can expect better financial figures in the coming months.
