Lucent Leans on Wireless
Lucent Technologies Inc.'s (NYSE: LU) fiscal second-quarter earnings saw a significant boost from the strengh of its wireless business, compared to a continued decline on the wireline side.
That's driven the company to restructure -- again -- around its wireless business (see Lucent Converges, Jobs to Go). But the big question is: Can the networking vendor continue its winning wireless streak into 2006?
For the quarter ended ended March 31, Lucent reported revenue of $2.34 billion, flat sequentially and up 6 percent from the same quarter a year ago. The firm's net income was $282 million, or 6 cents a share, compared with $68 million, or 2 cents a share, in the the same period last year.
Lucent's mobility business contributed $1.2 billion to the top line for the second quarter, up 4 percent sequentially and 24 percent compared to last year. In contrast, the wireline business produced $589 million in revenue, a sequential decline of 9 percent.
In short, Lucent needs its wireless business more than ever if it is to continue posting a profit.
Learn more at Unstrung.
— Dan Jones, Site Editor, Unstrung
That's driven the company to restructure -- again -- around its wireless business (see Lucent Converges, Jobs to Go). But the big question is: Can the networking vendor continue its winning wireless streak into 2006?
For the quarter ended ended March 31, Lucent reported revenue of $2.34 billion, flat sequentially and up 6 percent from the same quarter a year ago. The firm's net income was $282 million, or 6 cents a share, compared with $68 million, or 2 cents a share, in the the same period last year.
Lucent's mobility business contributed $1.2 billion to the top line for the second quarter, up 4 percent sequentially and 24 percent compared to last year. In contrast, the wireline business produced $589 million in revenue, a sequential decline of 9 percent.
In short, Lucent needs its wireless business more than ever if it is to continue posting a profit.
Learn more at Unstrung.
— Dan Jones, Site Editor, Unstrung
EDUCATIONAL RESOURCES
FEATURED VIDEO
UPCOMING LIVE EVENTS
February 7-9, 2023, Virtual Event
February 15, 2023, Virtual Event
March 15-16, 2023, Embassy Suites, Denver, CO
March 21, 2023, Virtual Event
May 15-17, 2023, Austin, TX
December 6-7, 2023, New York City
UPCOMING WEBINARS
February 2, 2023
DIY Data Center Automation Deep Dive: Challenges and Opportunities for CSPs, Enterprises, and Cloud Providers
February 7, 2023
Optical Networking Digital Symposium - Day 1
February 9, 2023
Optical Networking Digital Symposium - Day 2
February 14, 2023
Achieve Your Growth Potential with Next-Gen Content Delivery
February 15, 2023
Digital Divide Digital Symposium
February 16, 2023
SCTE® LiveLearning for Professionals Webinar™ Series: Getting the Edge on Edge Computing
Webinar Archive
PARTNER PERSPECTIVES - content from our sponsors
How 5G Thrives ASEAN Digital Economy
By Huawei
Capitalizing On 5G Innovation To Deliver Breakthroughs At The Edge
By Kerry Doyle, sponsored by ZTE
All Partner Perspectives
GUEST PERSPECTIVES - curated contributions
Telco vs. Cable: Who comes out on top?
By Cheenu Seshadri, Managing Partner, Three Horizon Advisors
Don't worry about the government?
By Patrick Donegan, Principal Analyst, HardenStance
All Guest Perspectives