Lumen Technologies has released its first-quarter earnings, beating revenue estimates with a reported revenue of $2.90 billion, surpassing the expected $2.83 billion. Despite this positive financial performance, the company reported a wider adjusted loss of $0.47 per share, exceeding the anticipated loss of $0.13. In a significant move to enhance its cloud networking capabilities, Lumen also announced the acquisition of Alkira for $475 million in an all-cash deal, as part of its strategy to establish a control plane for cloud connectivity and drive expansion in data center networking.