Alcatel-Lucent profits on the way up at last

Troubled networking vendor Alcatel-Lucent posted its first ever sequential rise in net profits during its fourth quarter, banking €340m (£288m) in the last three months of the year, after booking some substantial pre-tax gains.

Troubled networking vendor Alcatel-Lucent posted its first ever sequential rise in net profits during its fourth quarter, banking €340m (£288m) in the last three months of the year, after booking some substantial pre-tax gains.

The figure was up from €25m in Q3, and the year-ago profit of €46m was also surpassed by a country mile, at long last giving weight to CEO Ben Verwaayen's persistent optimism.

Fourth quarter sales grew 22.6% year-on-year (15.1% at constant currency rates) and 19.3% sequentially to €4.86bn.

Full year sales were €15.99bn, up 5.5% year-on-year, while net losses of €334m showed clear improvement on 2009.

"I am energised by the progress we have made. We have overhailed our product porfolio, introduced our High Leverage Network and Application Enablement strategy, increased customer relevance and improved our operational excellence," said Verwaayen.

"As we enter 2011 I am more confident than ever in our ability to transform into a normal company," he added.



Find more MicroScope+ content and other member only offers, here.

Read more on Network Infrastructure Solutions and Services

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.


  • CIO Trends #6: Nordics

    In this e-guide, read how the High North and Baltic Sea collaboration is about to undergo a serious and redefining makeover to ...

  • CIO Trends #6: Middle East

    In this e-guide we look at the role of information technology as the Arabian Gulf commits billions of dollars to building more ...

  • CIO Trends #6: Benelux

    In this e-guide, read about the Netherlands' coalition government's four year plan which includes the term 'cyber' no fewer than ...