Nortel Reports Results for the Third Quarter 2007
Description: Nortel hosted a teleconference/audio webcast with the investment community.
- Orders of $2.38B were up 2 percent year over year and were down 2 percent year to date; excluding the impact of the UMTS Access divestiture, orders increased by 9 percent year over year and by 5 percent year to date.
- Revenue of $2.70 billion, down 8 percent year over year and 4 percent on a year-to-date basis; excluding the impact of the UMTS Access divestiture, revenue decreased by 2 percent in the quarter and grew by 2 percent year to date(b). Compared to the second quarter of 2007, revenue grew by 6 percent.
- Gross margin of 43.0 percent, up 460 basis points year over year.
- Operating margin(a) of 5.0 percent, 277 basis points better year over year.
- Net Earnings of $27 million, or $0.05 per common share on a diluted basis.
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Mike
Zafirovski,
President & Chief Executive Officer |
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David Drinkwater,
Chief Financial Officer
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Janet Craig, 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: |
1-800-406-7325 |
| International: |
1-972-685-0465 |
| Passcode: |
3978685# |
Investor Contacts
Investor Relations
Nortel
(888) 901-7286
(905) 863-6049
investor@nortel.com
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