Nortel Reports Results for the Second Quarter 2007
Description: Nortel hosted a teleconference/audio webcast with the investment community.
- Q2 2007 revenues of $2.56 billion, down 8 percent year over year and 2 percent on a year-to-date basis; excluding the impact of the UMTS Access divestiture, revenues decreased by 1 percent in the quarter and grew by 5 percent year-to-date
- Q2 2007 gross margin of 41.1 percent, up 264 basis points year over year
- Q2 2007 operating margin(b) of 1.3 percent, 291 basis points better year over year
- Q2 2007 net loss of $37 million, or $0.07 per common share on a diluted basis
- Q2 2007 cash balance of $4.47 billion
- Cash Flow from operations was an outflow of $120 million
|
|
Mike
Zafirovski,
President & Chief Executive Officer |
|
| |
|
|
|
David Drinkwater,
Chief Financial Officer
|
| |
|
|
|
Terry Glofcheskie, Vice President, Investor Relations
|
|
| |
|
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
|
| |
|
|
Audio Conference Replay
| North America: |
1-800-383-0935 |
| International: |
1-402-530-5545 |
| Employees: |
ESN 250-5545 |
| Passcode: |
21344899# |
Investor Contacts
Investor Relations
Nortel
(888) 901-7286
(905) 863-6049
investor@nortel.com
|
