Profit at telecommunications company
Nortel rose to $27m (£13m) during the third
quarter, a significant improvement on the $63m (£30m) loss reported last year.
But overall revenue of $2.7bn (£1.3bn) slipped eight per cent from $2.9bn
(£1.4bn).
Figures were affected by Nortel's sale of its Universal Mobile
Telecommunication System (UMTS) to rival
Alcatel-Lucent last December, said
chief executive Mike Zafirovski.
"Adjusted for the UMTS sale, orders in the third quarter were up 9 per cent
and up 5 per cent year to date, which demonstrates Nortel's increasing relevance
in the marketplace," said Zafirovski.
"With an ongoing focus on customers and execution, we expect to continue to
deliver operational and financial improvements in the fourth quarter and beyond.
"
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