NEWS RELEASES: MAY 2008
 
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MAY 02, 2008 Nortel Reports Financial Results for the First Quarter 2008 Nortel Networks Corporation announced its results for first quarter 2008, which demonstrated continued progress against the Company’s turnaround strategy. Strong operational progress in margins combined with steady revenue growth kept Nortel on track to meet full year goals. (More Info)

 


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Hundreds of millions of people, Fortune 500 companies, and government institutions around the world trust their networks to Nortel's reliable and secure solutions.

Nortel is a recognized leader in delivering communications capabilities that make the promise of Business Made Simple a reality for our customers. Our next-generation technologies, for both service provider and enterprise networks, support multimedia and business-critical applications. Nortel's technologies are designed to help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people to the information they need, when they need it. Nortel does business in more than 150 countries around the world.

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MAY 02, 2008

  • Revenue up 11 percent, benefiting from the completion of an LG-Nortel joint venture contract
  • Gross margin at 41.6 percent, up 120 bps from prior year period
  • Operating margin at 4.7 percent, up 512 bps from prior year period
  • Reiterates full year guidance

Home Products Services Contact us 727-692-4950

Worldwide Business Telecomm, Inc.1841 Alberta DrClearwater FL 33756
Phone # (727) 692-4950 / Fax (727) 692-4950
www.worldwidebiztel.com / email: arif1973@verizon.net

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