Lucent Technologies has reported a profit of $750 million on turnover which was up 22 per cent to $9.315 billion for the third quarter ending 30 June.
This compares with a loss of $150 million on turnover of $7.64 billion for the same quarter one year ago.
Commenting on the results, Lucent chief executive Richard McGinn said carriers were investing in next generation networks at an “unprecedented pace”.
Lucent has won around $9 billion worth of new business in the past nine months, including major broadband deals with Level 3 Communications and Telstra.
The latest figures include costs of $79 million related to Lucent’s merger with Ascend Communications.
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