Alcatel-Lucent has reported revenues of €3.97bn for the fourth quarter of 2009, a decrease of 19.9% compared to €4.95bn for the same period last year. Revenues were down 16.8% sequentially.
The company posted a gross profit decreased by 11.8% to €1.45bn, compared to €1.65bn for the fourth quarter of 2008. Operating income was €271m, compared to €297m for the same period a year ago.
For the quarter ended December 31, 2009, the company reported a net income of €85m or EPS of €0.04, compared to a loss of €1.32bn or EPS of €0.58 for the same period last year.
Geographically, North American revenues were €1.15bn for the fourth quarter of 2009, a decrease of 17.8% compared to €1.4bn for the same period last year. European revenues decreased by 15.9% to €1.44bn from €1.7bn, while Asia pacific revenues decreased 26.5% to €740m from €1bn for the same period last year.
Revenue from enterprise segment revenue decreased by 11% to €283m, services segment revenue was approximately flat at €1.03bn, while application software segment rose by 1.5% to €334m, compared to the same period last year.
For full year 2009, the company reported revenues of €15.16bn, down 10.8%, compared to revenues of €17bn for 2008. Gross profit was down 11.9% to €5.11bn from €5.8bn in 2008. Operating loss was €56m compared to an operating income of €466m. Net loss was €360m, or €0.16, compared to a net loss of €1.6bn, or €0.71 last year.
Ben Verwaayen, CEO of Alcatel Lucent, said: “A more stable economic environment and the explosive growth of mobile internet will drive market growth in 2010 and beyond. As the trusted partner of our customers in the migration towards IP and LTE, we are well positioned to benefit from this growth and are on the right track to become a normal company by 2011.”
The company anticipates the telecommunications equipment and related services market to recover in 2010, with nominal growth. Operating margin is expected to reach low to mid single-digit. For 2011, the company continues to aspire to an operating margin in the mid to high single-digit, depending on market growth.