Alcatel Lucent earns €3.903b in revenues for second quarter 2011

Alcatel Lucent, says its revenues for the second quarter of 2011 amount to €3.903 billion, up 10.4% year-over-year and up 7.7% sequentially at constant currency; up 2.4% year-over-year and up 4.4% sequentially on a reported basis.

In its second quarter financial results, the major player in global mobile, fixed, IP and optics technologies says its adjusted gross profit stands at €1.398 billion or 35.8% of revenues.

The company’s adjusted operating income is €108 million or 2.8% of revenues, and it reported net profit of €43 million or €0.02 per share.

Commenting on the results, CEO, Ben Verwaayen, said: “We are on track for the year. 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.”

“We have strengthened our focus on innovation by realigning our management team and sharpening our strategy further. We have accelerated actions on fixed costs and reduced internal complexity. Free cash flow improved by more than Euro 300 million in the first half of the year compared to the year ago period and throughout the company we are actively driving better working capital management for the remainder of the year.

We are reaffirming our full-year outlook to grow faster than our addressable market with an adjusted operating margin above 5% of our 2011 sales,” he adds.

By Emmanuel K. Dogbevi