Alcatel Q1 Sales Up 24%
Serge Tchuruk, CEO, commented, "Alcatel is delivering results. In the midst of current market uncertainties we grew our overall telecom business well above the market rate. We are particularly pleased with our performances in our carrier networking and optics businesses where our first quarter sales to service providers grew well over 40% year-on-year. This confirms our strong momentum in access, packet switching and optical networking where Alcatel's positions on world markets are growing fast and boosting profitability. Partly offsetting our strong advances in the carrier space were significant losses incurred in our e-Business segment. These were largely due to the mobile handset industry slowdown in Europe, compounding the general weakness in the enterprise market."