Equant’s Q2 revenues flat

30 Jul 2003

France Télécom’s [FTE.PA] commercial data services subsidiary Equant has reported flat second quarter revenues at USD744.3 million, a rise of just 0.6% in a year. Total network services revenues rose by 3.4% to USD403 million, while sales of integration services jumped 11.5% to USD115.8 million. Operating losses for the first half of 2003 narrowed by 30% to USD155 million. Equant attributed the flat results to a lack of demand from customers due to weak economic conditions. It said it has not seen any major improvement in the global economy over the first half of the year and expects the trend to continue for the remainder of 2003. Meanwhile the company has announced that its president and CEO Didier Delephine will resign at the end of July; it has named former chief operating officer Daniel Caclin as the new CEO.