Nortel, North America’s biggest maker of telephone equipment, said it earned $27 million for the quarter ended Sept. 30, compared with a year-earlier loss of $63 million.
Nortel Networks Corporation formerly known as Northern Telecom Limited and now known simply as Nortel, is a multinational telecommunications equipment manufacturer headquartered in Toronto, Canada.
As of March 2007, Nortel employs approximately 31,500 people worldwide. Nortel operations are divided into the following segments:
• Carrier Networks (CN): Mobility networking solutions, including CDMA, GSM, and UMTS, and carrier networking solutions, both circuit and packet based.
• Enterprise Solutions (ES): Enterprise networking solutions, including circuit and packet based voice, data, security, multimedia messaging and conferencing, and call centres.
• Metro Ethernet Networks (MEN): Optical and metropolitan area networking solutions, for carrier and enterprise customers.
• Global Services (GS): Services in four areas: network implementation, network support, network management, and network applications (including web services).

The company reported a 7.8 percent dip in its third-quarter revenue due mainly to difficulty in filling some customer orders which resulted in the deferral of $45 million in revenue. Revenue for the quarter was $2.70 billion, down from $2.93 billion a year earlier.
Nortel booked $56 million in restructuring charges during the quarter, compared with $22 million for the same quarter a year earlier, the company said.
The company said it expected fourth-quarter revenue to be flat compared with the same quarter last year, while full-year revenue was expected to be down slightly from 2006.

Image

Source