Lucent Technologies reported net income of $348 million or 7 cents per diluted share for its fourth fiscal quarter ended Sept. 30, 2004, compared with net income of $387 million or 8 cents per diluted share in the third quarter of fiscal 2004 and net income of $99 million or 2 cents per diluted share in the year-ago quarter. The company reported revenues of $2.40 billion in the quarter, an increase of 10 percent sequentially and an increase of 19 percent from the year-ago quarter.
For the fiscal year, Lucent reported revenues of $9.05 billion, an increase of 7 percent compared to $8.47 billion in revenues for fiscal 2003. The net income for fiscal 2004 was $1.14 billion or 25 cents per diluted share, compared to a net loss of $770 million or 29 cents per diluted share for fiscal 2003.
"I am pleased to report that by focusing on growth opportunities in the marketplace and solid execution, our Lucent team has achieved its first year of revenue growth and profitability since 2000," said Lucent Technologies Chairman and CEO Patricia Russo. "We expect our market -- and our business -- to grow again in 2005 as our customers continue to invest in revenue-generating services and more efficient network operations."
Some highlights:
- Gross margin for Q4 was 41%
- Integrated Network Solutions (INS) revenues were $741 million, an increase of 4 percent sequentially and a decrease of 14 percent compared with the year-ago quarter.
- Mobility revenues for the fourth quarter of fiscal 2004 were $1.11 billion, an increase of 13 percent sequentially and 75 percent compared with the year-ago quarter.
- Lucent Worldwide Services (LWS) revenues for the fourth quarter of fiscal 2004 were $514 million, an increase of 9 percent sequentially and as compared with the year-ago quarter.
