Lucent Technologies today posted narrower first-quarter losses.
Net loss at the company, which employs 900 people at its three operations in Dublin, fell to €478 million from €525 million a year earlier. Sales fell 18 per cent to €4 billion from €4.8 billion.
Revenue dropped 7.9 per cent to €3.87 billion.
The telecom equipment and networking company believes that revenue for the quarter "represented the low point for Lucent sales in the current market downturn".
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Lucent expects sales to grow 10 to 15 per cent during the second quarter.