Nortel Reports Results for the First Quarter 2007
Description: Nortel hosted a teleconference/audio webcast with the investment community.
- Q1 2007 revenues of $2.48 billion, up 4 percent year over year; excluding the impact of the UMTS Access divestiture, revenues increased by 12 percent(a)
- Q1 2007 gross margin of 40.4 percent, up 170 basis points year over year
- Q1 2007 operating margin(b) loss of 0.4 percent, 640 basis points better year over year
- Q1 2007 net loss of $103 million, or $0.23 per common share on a diluted basis
- Q1 2007 cash balance of $4.55 billion, which included net proceeds from the $1.15 billion Senior Notes offering
- Cash Flow from operations was an outflow of $561 million; excluding the $585 million outflow related to the litigation settlement, cash flow from operations was $24 million(c)
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Mike
Zafirovski,
President & Chief Executive Officer |
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David Drinkwater,
Chief Financial Officer
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Terry Glofcheskie, Vice President, Investor Relations
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Webcast
Be sure to test your ability to participate in a streaming media event. If you do not have RealPlayer (version 8 or higher), download Free RealPlayer.
Documentation
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Audio Conference Replay
| North America: |
1-800-383-0935 |
| International: |
1-402-530-5545 |
| Employees: |
ESN 250-5545 |
| Passcode: |
21337200# |
Investor Contacts
Investor Relations
Nortel
(888) 901-7286
(905) 863-6049
investor@nortel.com
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