Alcatel-Lucent has reported revenues of €3.25bn for the first quarter of 2010, a decrease of 9.8% compared to €3.59bn for the same period last year. Revenues were down 18.1% sequentially.
The company posted a gross profit of €1.06bn, an decrease of 6.5% to €1.65bn for the first quarter of 2009. Operating loss was €263m, compared to €326m for the same period a year ago.
For the quarter ended December 31, 2009, the company reported a net loss of €515m, compared to a loss of €402m for the same period last year.
Geographically, North American revenues were €1.11bn for the first quarter of 2010, almost flat compared to same period last year. European revenues decreased by 8.3% to €1.15bn from €1.25bn, while Asia pacific revenues decreased 18.2% to €531m from €649bn for the same period last year.
Revenue from networks segment decreased by 13.1% to €1.93bn, applications segment revenue was down by 6.3% to €416m, while services segment revenue decreased by 3.1% to €772m, compared to the same period last year.
Ben Verwaayen, CEO of Alcatel-Lucent, said: “We are witnessing a recovery in the telecommunications equipment and related services market in some geographical areas especially North America. This recovery is driven by key technologies such as IP, terrestrial optics and WCDMA/LTE. With a solid position in all of these areas, Alcatel-Lucent is experiencing a strong increase in demand.
“However, we were not able to fully satisfy customer demand for our products due to tightening components availability. This resulted in a weak financial performance this quarter, which does not reflect the overall underlying momentum within the company.”
For 2010, the company expects nominal growth between 0% and 5% for the telecommunications equipment and related services market and aims to reach an adjusted operating margin in the low to mid single-digit of 1-5%.
