Marconi has warned of tough times ahead
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UK telecoms equipment maker Marconi has warned of more tough times ahead, as it posted a rise in sales.
The group said trading conditions remained challenging and it was keeping a "cautious
view on potential volatility" in its markets.
The announcement came as the group reported sales in the three months to September had risen 6% to £389m ($649.6m) from the previous three months.
Marconi said strong sales in the US, in particular to the government, had helped boost the figures.
'Cautious'
However, sales had slipped from the £514m the company recorded in the same period last year.
Chief executive Mike Parton said: "Whilst we remain cautious about the shorter term outlook,
we are confident for the company's and industry's long term prospects."
The company has recently emerged from a massive £4bn restructuring drive, shedding thousands of jobs and selling off units.
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