Tellabs reported Q4 2008 revenue of $408 million, down 13% from $469 million in the fourth quarter of 2007. For the year 2008, Tellabs revenue totaled $1.7 billion, down 10% from $1.9 billion in 2007. On a GAAP basis, Tellabs earned 3 cents per share in the fourth quarter of 2008, up from 1 cent per share in the fourth quarter of 2007. GAAP earnings in the fourth quarter of 2008 were $13 million, up 103% from $6 million in the year-ago quarter. Fourth-quarter 2008 earnings were positively impacted by a tax benefit.
“Customers continued to choose Tellabs this quarter. BT placed orders for the Tellabs 8600 system, marking our 96th customer for this product. A new cable TV multiple system operator (MSO) customer selected Tellabs 7100 system for optical networking,” said Rob Pullen, Tellabs president and chief executive officer. “In these tough times, Tellabs is focused on improving profitability — both for our customers and for our company — and investing for the future to emerge stronger after the downturn. We help customers succeed by enabling new service revenue, reducing capital expenses and cutting operating expenses.”
Broadband — Fourth-quarter 2008 revenue from the broadband segment totaled $227 million, down 17% from $274 million in the fourth quarter of 2007. Full-year 2008 revenue from the broadband segment was $920 million, down 10% from $1,018 million in 2007. Within the broadband segment, for the fourth quarter of 2008:
- Data revenue was $60 million, up 49% from $40 million in the year-ago quarter.
- Access revenue was $98 million, down 36% from $154 million in the year-ago quarter.
- Managed access revenue was $69 million, down 14% from $80 million in the year-ago quarter.
Transport — Fourth-quarter 2008 revenue from the transport segment totaled $124 million, down 9% from $136 million in the fourth quarter of 2007. Full-year 2008 revenue from the transport segment was $580 million, down 14% from $673 million in 2007.
Services — Fourth-quarter 2008 services revenue was $57 million, down 3% from $59 million in the fourth quarter of 2007. Full-year 2008 revenue from the services segment was $229 million, up 3% from $222 million in 2007.
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