Alcatel-Lucent boss Ben Verwaayen says the company is on track to meet its profit targets over the next year, despite hectic competition in the telecom equipment sector.
It predicted sales growth of up to 5% for the telecommunications equipment and related services market for the year.
Some analysts are skeptical about whether the company can hit its target of an operating profit margin of 1%-5% this year, given the strong competition from the fast-growing Chinese vendors, the FT reported.
But Verwaayen said in the second half AlcaLu was expecting network equipment orders from the US as well as a return to the market by Indian and Chinese carriers. However, regulatory uncertainty was likely to slow sales in Europe.
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