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Article: Lucent Technologies reports record 1997 first fiscal quarter and record calendar year.
- Article from:
- Business Wire
- Article date:
- January 21, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MURRAY HILL, N.J.--(BUSINESS WIRE)--Jan. 21, 1997--
-- Results show highest revenue and earnings in history of the business
Lucent Technologies today reported a record net income of $859 million, or $1.35 a share for its first fiscal quarter of 1997. During the year-ago quarter ending December 31, 1995, the company reported a net loss of $1.017 billion, or a loss of $1.60 per share (on a pro-forma basis*) including the effect of restructuring charges of $1.847 billion, after tax.
The company also reported record quarterly revenues of $7.938 billion, which topped the previous record set in the same quarter of 1995, when revenues were $7.427 ...