Alcatel said that high growth in its Internet related business helped boost fiscal second quarter turnover by 7.3 per cent, despite weak sales of narrow band products.
Serge Tchuruk, the French telecoms equipment supplier’s chief executive, said: “The 43 per cent sales increase over the first quarter of 1999 reflected a highly seasonal pattern."
"Business was strong in Internet driven activities such as high speed transmission and access, but continued to be weak in narrowband markets, particularly in Europe, Russia and Southeast Asia."
The firm’s turnover rose 7.3 per cent to 5.77 billion euro, with the largest chunk of revenues coming from its telecoms systems business. This saw sales increase by 17.9 per cent to 4.1 billion euros. Alcatel said it does not release profit or loss figures.
The largest percentage growth came from its Internet and optics unit, however, which grew revenues by 39.8 per cent to 1.4 billion euros due to strong sales of terrestrial and submarine transmission systems.
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