Feeds

Marconi sales up, losses narrow

But poor performance from broadband unit

  • alert
  • submit to reddit

Security for virtualized datacentres

Marconi cut losses and upped sales for the three months ended 31 December, its third quarter. Sales were up to £330m, a five per cent improvement on a year ago.

Group operating loss was £21m, down from £66m last year.

Broadband routing and switches sales fell to £30m from £43m in the same quarter of last year because US defence spending was diverted to other projects.

Major contract wins included a deal with Deutsche Telecom's fixed line business T-Com, a DSL deal with Bulldog Communications and a services contract with Energis. Marconi also won a £150m contract to upgrade Tubes Lines Ltd's communications network.

Marconi expects its deal with Chinese firm Huawei to improve the broadband unit's performance.

The UK accounted for £119m in sales, 36.1 per cent. Italy provided £37m, Germany £72m and other EMEA countries contributed £46m. Full unaudited results are available for download on Marconi's website here ®

Related stories

Marconi picks Chinese hardware partner
Marconi chief falls on own axe
Marconi back in the black

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.