Lucent posts goodie results!

IIPM BEST B-SCHOOL
Lucent Technologies has all the reasons to feel happy with the announcement of its wonderful fourth quarter and fiscal year results, ending September 2006. The company reported revenues of $2.56 billion, a sequential increase of 25% over the previous quarter and a rise of 5% when compared to the corresponding period last year. However, its net income declined marginally from $372 million a year ago, to $371 million. On an annual basis, Lucent pulled in $8.80 billion in revenues in 2006, screening a decrease of 7% from $9.44 billion in 2005. Besides, Lucent hopes to close the merger with Alcatel as the transaction got shareholders’ approval of both the companies on September 7, 2006.

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

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