Alcatel-Lucent: Back to Revenue Growth and Positive net Profit

News provided by

Alcatel-Lucent

Nov 04, 2010, 03:04 ET

    PARIS, November 4, 2010 /PRNewswire-FirstCall/ --
    - Rising Demand for New Technologies in all Geographies
    - Full- 2010 Outlook Maintained
    Year
    Key Numbers for the Third Quarter 2010

    - Revenues of Euro 4.074 billion, up 10.5% year-over-year, up 6.8%
      sequentially
    - Adjusted2 gross profit of Euro 1.377 billion or 33.8% of revenues
    - Adjusted2 operating income1 of Euro 61 million or 1.5% of revenues
    - Operating cash flow3 of Euro 193 million
    - Net (debt)/cash of Euro (190) million as of September 30, 2010


    Executive Commentary
    Ben Verwaayen, CEO, commented:

"I am pleased with the good progress made in our transformation journey, highlighted with healthy sales and improved profitability this quarter. Our solutions are recording strong traction with our customers as evidenced by a book to bill ratio up from the year ago period, and a growing share of our next generation product sales. From a geographic standpoint, on top of the established strong dynamic in North America, we experienced good growth in India, China and Russia fuelled by our recent contracts wins and better market conditions. We improved our overall profitability sequentially and year over year even though our product and geographic mix was less favourable than in the second quarter of 2010."

He added:

"Operational excellence and reduced organizational complexity remain our key focus in order to better convert top line momentum into profit and cash-flow.

Driven by the strong momentum of our product portfolio, we anticipate a significant sequential increase in our top line in the fourth quarter. This, combined with our actions on costs, will lead to a strong leverage effect at the operating profit level. We maintain our full year outlook."

    To read the full press release please visit
http://www.alcatel-lucent.com/press

Alcatel-Lucent will host a press and analyst conference at its headquarters at 1:00 p.m. CET which can be followed through audio webcast at http://www.alcatel-lucent.com/3q2010

SOURCE Alcatel-Lucent

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