Tellabs reported Q4 2004 revenue of $379 million (which includes one month of AFC revenue of $53 million), up 36% from $279 million in the fourth quarter of 2003. For the year 2004, Tellabs revenue totaled $1.2 billion, up 26% from $980 million in 2003. Tellabs recorded a net loss of $139 million or 32 cents per share in the fourth quarter of 2004 as a result of special charges related to the acquisitions of AFC and Vinci Systems and other activities. Excluding charges of $180 million, Tellabs earned 9 cents per share or $41 million in the fourth quarter of 2004.
"Revenue exceeded our expectations in the fourth quarter and in 2004 as a whole," said Krish A. Prabhu, Tellabs president and chief executive officer. "Going forward, Tellabs will stay focused on growth opportunities that fit our customers' needs for fiber access, next-generation wireless and broadband networking."
- Transport -- Revenue from transport systems totaled $155 million, up 33% from $117 million in the fourth quarter of 2003.
- Managed Access -- Revenue from managed access systems was $112 million, up 16% from $96 million in the fourth quarter of 2003.
- Broadband Data -- Revenue of broadband data products was $3.2 million versus $2.8 million in the fourth quarter of 2003.
- Voice Quality Enhancement -- Revenue from voice-quality enhancement and other systems amounted to $15 million versus $26 million in the fourth quarter of 2003.
- Access -- Revenue from access solutions totaled $53 million. [Note: The access revenue category includes only December 2004 revenue from all products acquired through the merger with AFC, which closed on Nov. 30, 2004.
- Services and Solutions -- Services and solutions revenue was $40 million, up 10% from $37 million in the fourth quarter of 2003.
