Alcatel-Lucent SA (NYSE: ALU) reported Thursday that it swung to a second-quarter profit of 43 million euros or 0.02 euros per share, compared to a loss of 184 million euros or 0.08 euros per share last year. In terms of American Depository Share, or ADS, earnings were $0.03 per share, against a loss of $0.10 per share reported a year earlier. On an adjusted basis, net income (group share) was 82 million euros or 0.04 euros per share, in comparison with a loss of 139 million euros or 0.06 euros per share in the year-ago period. Adjusted earnings per ADS was $0.05 compared with a loss of $0.08 last year. Revenues climbed 2.4 percent to 3.9 billion euros from 3.81 billion euros in the same quarter last year.
Commenting on the quarterly results, Ben Verwaayen, CEO of the company said, "In the second quarter, our next-generation product sales increased sharply, delivering market share gains in IP and optics, driven by the need for capacity and all-IP network transformation. From a geographic standpoint, we enjoyed significant growth in North and Latin America as well as in Asia Pacific."
For the full year, the company reaffirmed its outlook to grow faster than its addressable market with an adjusted operating margin above 5 percent of its 2011 sales.
Full Disclosure: None.
Commenting on the quarterly results, Ben Verwaayen, CEO of the company said, "In the second quarter, our next-generation product sales increased sharply, delivering market share gains in IP and optics, driven by the need for capacity and all-IP network transformation. From a geographic standpoint, we enjoyed significant growth in North and Latin America as well as in Asia Pacific."
For the full year, the company reaffirmed its outlook to grow faster than its addressable market with an adjusted operating margin above 5 percent of its 2011 sales.
Full Disclosure: None.
