Lucent reports loss of $US104M on revenue of $US2B

Lucent reports loss of $US104M on revenue of $US2B

Lucent Technologies reported a net loss of $104 million for the quarter ended Dec. 31, on falling revenue from products and services.

Lucent Technologies reported a net loss of $US104 million ($AU138.39 million) for the quarter ended Dec. 31, with revenue from products and services both down from a year earlier.

The networking and services company reported revenue of $US2.05 billion for the quarter, the first of its 2006 fiscal year, down 12 percent from $US2.34 billion a year earlier. Revenue from services declined slightly, to $US540 million from $US548 million, while product revenue dropped to $US1.51 billion from $US1.79 billion the previous year.

Lucent attributed the loss of $US104 million, or $US0.02 per share, to a previously notified charge of $US278 million in favor of Winstar Communications, a bankrupt broadband network operator. In the year-earlier quarter, Lucent had reported net income of $US174 million, or $US0.02 per share.

Revenue declined the least in the U.S., where it fell 7 percent compared to a year earlier. Outside the U.S., revenue dropped 20 percent. However, the company expects revenue to be stronger for the rest of the fiscal year, remaining at least flat compared to a year earlier, or increasing slightly.

The company has changed the way it reports the results of its business divisions. It now breaks out figures for four segments: mobility access, including third-generation mobile services and WiMax; multimedia networks; converged core networks, including VoIP (voice over Internet Protocol) and legacy voice networks, and finally services such as maintenance, deployment or network management.

Compared to a year earlier, revenue fell in all segments except multimedia networks, where it rose to $US395 million from $US366 million. Mobility access products continue to account for almost half of the company's revenue, at $US945 million for the quarter, down from to $US1.17 billion a year earlier.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments