Alcatel-Lucent 1Q Sales, Gross Margin Beat Ests., Posts Net Loss
Alcatel-Lucent Sees Positive Free Cash Flow in 2015, CEO Says
Alcatel-Lucent confirms free cash flow target “regardless of current market conditions,” CEO Michel Combes tells reporters during conference call. Also:
- Reiterates all 2015 forecasts
- Says there’s no reason for any change to the Nokia deal; it doesn’t depend on a single quarter’s performance
- Says customers support the Nokia deal “almost unanimously”
- Says market slowdown in U.S., Japan isn’t structural
- Says impact of currencies on profits is “marginal”