Vendor results - 03/05/07

Publié le 3 mai 2007 par Jean Arnal

Nortel reports better-than expected 1Q07 revenues of $2.5bn, up 12%, a gross margin of 40%, and a minimum operating margin of 5%, and reiterated guidance for the fiscal year. Nortel’s stock was up almost 8% on the news. « Nortel is on the offense again for the first time in many years. » said CEO Mike Zafirovski.