Marconi reported a 6% sequential sales increase to £389 million. The company cited strong sales performance in its U.S. business, which was up 15% driven by higher sales to the U.S. federal government and increased levels of broadband access deployment. Across Europe and in other regions of the world, Marconi noted increased stability and said revenues were up by 2%.
The company also said increased orders received during the quarter led to a book-to-bill ratio of 1.22 across its divisions. Marconi also cited further market traction for its next generation products; including significant new business wins such as its 3-year frame contract for Access Hubs to BT; further units of the BXR-48000 to the U.S. federal Government and a large European financial institution; and next generation SDH equipment to BT and China Unicom.
Marconi said it maintains a cautious view on the potential volatility in near-term market conditions.
