Feeds

Nortel Q2 figures beat analysts' predictions

Strong growth in Europe, North America and Asia Pacific

  • alert
  • submit to reddit

Security for virtualized datacentres

Nortel Networks saw shares rise yesterday on the back of better than expected results for its second quarter. The Ontario-based networking vendor posted net profit of $368 million, and compared to $212 million for the same period last year. Sales grew 30 per cent to $5.41 billion, from $4.16 billion last year. Figures also showed the company had turned around its wireless product sales -- which had suffered from falling turnover in the first quarter, compared to the previous year. Earnings per share were 55 cents - First Call had forecast earnings of around 50 cents per share. Analysts said Nortel was on track to hit its full year financial targets and that it had allayed investors' fears concerning Y2K purchase delays. The manufacturer's prospects look healthy for the second half of the year. Shares surged 6.3 per cent, or C$8, to C$134.45 on the Toronto Stock Exchange yesterday following the announcement. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.