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Byline: Martha McKay
Apr. 21--Cost-cutting helped Lucent Technologies post its third straight profitable quarter Tuesday amid signs of health in the telecommunications industry.
The Murray Hill-based maker of telecommunications equipment said revenue was down in the second quarter, but the business climate is improving and it expects to see revenue rise slightly for the year.
"We're seeing a more positive rhythm to our business," CEO Patricia Russo said in an interview after a morning conference call with analysts.
Lucent reported $68 million in net income, or 2 cents per share, in its second quarter.