Application software segment revenue up 19.7% on year ago
Alcatel Lucent has reported revenues of €3.6 billion for the third quarter of 2009, a decrease of 9.3% compared to €4.07 billion for the same period last year. Revenues were down 5.6% on a sequential basis.
The company has posted an operating loss of €76m, compared to €85m for the same period a year ago. Gross profit decreased by 6.6% to €1.23 billion, compared to €1.32 billion for the third quarter of 2008.
For the quarter ended September 30, 2009, the company reported a net loss of €182m or EPS of €0.08, compared to €40m or EPS of €0.02 for the third quarter of 2008.
Geographically, North American revenues were €1.22 billion for the third quarter of 2009, an increase of 5.7% compared to €1.15 billion for the same period last year. European revenues decreased by 14.3% to €1.23 billion from €1.44 billion, while Asia pacific revenues remained flat.
Revenue from Application software segment rose by 19.7% to €286m, services segment revenue increased by 2.5% to €869m from €848m while Enterprise segment revenue was down 17.2% to €250m, compared to the same period last year.
Ben Verwaayen, CEO of Alcatel Lucent, said: “This quarter demonstrates both the relevance of our strategy through key customer wins and our capacity to consistently execute our plans with significant operational progress.We have achieved significant operational progress. We are rapidly reshaping our cost and expense structure, having achieved 80% of our €750 million target in annualised savings year to date.
“We generated €362m in free cash flow this quarter by improving our operating working capital metrics. Finally, robust investor reception to our €1 billion convertible bond offering allowed us to further strengthen the balance sheet.”
The company expects the global telecommunications equipment and related services market to decrease by 8% and 12% at constant currency in 2009.