Alcatel-Lucent Profit Rises as Cost Reductions Take Hold

Gross margin, or revenue minus production costs, will be 34 percent of sales or slightly above in 2015, Chief Executive Officer Michel Combes said today on a call with reporters. As Alcatel-Lucent enters the final leg of Combes’s three-year restructuring plan, the CEO has 11 months left to make good on a promise to make the Paris-based company profitable and generate positive free cash flow.

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