Telecoms equipment company Alcatel-Lucent has reported a net loss of 182m euros ($268.6m) for the third quarter 2009, compared to a loss of 40m euros ($59m) in the year-ago quarter. Revenue was down 9.3% at 3.7bn euros ($5.5bn). Skip related content
It made an operating loss of 76m euros ($112.2m) compared to a loss of 85m euros ($125.5m) in the same period last year. Diluted net loss per share was 0.08 euros ($0.12) compared to a diluted loss per share of 0.02 euros ($0.03) a year ago.
Carrier revenue fell 14.6% to 2.23bn euros ($3.3bn), while application software grew 19.7% to 286m euros ($422m). Enterprise revenue fell 17.2% to 250m euros ($369m), while services revenue increased 2.5% to 869m euros ($1.28bn).
Geographically, North America revenue increased 5.7% to 1.22bn euros ($1.8bn), while Asia Pacific revenue remained flat at 728m euros ($1.07bn). Europe revenue fell 14.3% to 1.23bn euros ($1.82bn), and revenue from the rest of the world fell 31.9% to 513m euros ($757m).
Ben Verwaayen, chief executive at Alcatel-Lucent, said: "We have achieved significant operational progress. We are rapidly reshaping our cost and expense structure, having achieved 80% of our 750m euros ($1.11bn) target in annualized savings year to date. We generated 362m euros ($534.3m) in free cash flow this quarter. Robust investor reception to our 1bn euros ($1.5bn) convertible bond offering allowed us to further strengthen the balance sheet. In a challenging market environment, our market should be down between 8% and 12% at constant currency and we will achieve an adjusted operating income around breakeven this year."
