Lucent Reports Higher Profits, Sales - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Lucent Reports Higher Profits, Sales

Lucent Technologies today reported strong gains in fourth-quarter profits and sales, beating Wall Street expectations.

The networking vendor recorded a 23% increase in revenue to $10.6 billion for the quarter ended Sept. 30, compared with last year's fourth-quarter revenue of $8.6 billion. Net income rose to $948 million, or 30 cents per share, vs. $220 million, or 7 cents per share, in the year-ago quarter.

Lucent says its fourth-quarter growth reflects the company's focus on professional services and optical, wire, and data networking systems. Networking systems revenue increased 32% to $6.9 billion, and microelectronics products rose 22% to $991 million, while business communication systems changed little from the previous year at $2.5 billion.

For the fiscal year ended Sept. 30, revenue increased 20% to $38.3 billion, vs. revenue of $31.8 billion in fiscal 1998. Net income rose to $4.8 billion or $1.52 per share for the fiscal year, compared with net income of $2.6 billion or 86 cents per share for fiscal 1998.

Lucent also announced today the formation of four core businesses that will operate under one brand with the support of Bell Labs technology. The businesses, Service Provider Networks, Enterprise Networks, NetCare Professional Services, and Microelectronics and Communications Technologies, are designed to address specific markets and will help Lucent to capitalize on opportunities in the communications networking space.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
Reflections on Tech in 2019
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  12/9/2019
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll