Tellabs reported Q4 2010 revenue of $410 million, up 5% from $389 million in the fourth quarter of 2009.
On a GAAP basis, Tellabs recorded a net loss of $11 million or 3 cents per share in the fourth quarter of 2010,
compared with net earnings of $62 million or 16 cents per share in the fourth quarter of 2009. The fourth-quarter
2010 net loss included a pretax charge of $16.5 million for excess purchase commitments related to a cancelled
tender in India.
Tellabs 2010 revenue was $1.64 billion, up 8% from $1.53 billion in 2009. On a GAAP
basis, in 2010 Tellabs earned $156 million or 41 cents per share, up from $114 million or 29 cents per share in
2009.
“Tellabs’ fourth quarter brought revenue growth but a setback in profitability,” said Rob Pullen, Tellabs president and chief executive officer. “Looking ahead, customers continue to validate Tellabs’ focus on the smart mobile Internet, and we remain focused on investing our way forward to pursue this growth opportunity.”
For the fourth quarter of 2010, Broadband segment revenue was $227 million, Transport segment revenue was
$123 million and Services segment revenue was $60 million.
For 2010, Broadband segment revenue was $846 million, Transport segment revenue was $554 million and Services segment revenue was $242 million.
In a conference call, Tellabs’ executive highlighted new products and new customers but a lower margin than its traditional business. The company said it was investing in new markets and cited wins in Brazil, Russia, India and South Africa. However, sales with AT&T and Verizon accounted for 41% of sales in Q4, down from larger percentages earlier in the year, due especially to slower sales to AT&T as the carrier has added another mobile backhaul vendor.
http://www.tellabs.com
