Tellabs reported Q4 revenue of $279 million up 14% from $245 million in Q3 2003, marking the fourth increase in sequential revenue in the past five quarters. Tellabs International generated 40% of the quarter’s overall revenue. The company recorded a net loss of $23 million or 6 cents per share. Excluding previously announced restructuring charges of $44 million, Tellabs earned 3 cents a share or $12 million in Q4 2003. Some highlights:
- Optical Networking — Sales of optical networking systems, which include Tellabs’ strategic North American products, were $117 million, up 11% from the third quarter. About 2% of Tellabs’ overall revenue came from new products in North America.
- Next-Gen SDH and Managed Access Services — Sales of next-generation SDH and managed access systems totaled $74 million, up from $70 million in the third quarter. About 6% of Tellabs overall revenue came from new products in international markets; sales of these new products surged 48% to $16 million from $11 million in the third quarter. This increase came largely on the strength of the Tellabs 6350 switch node, for which the company has now received more than 300 orders. Among customer wins announced in the quarter were T-Mobile, Vodaphone, Embratel, and Beijing Zhetong for the Beijing Olympics.
- Other Products — Voice-quality enhancement, telephony distribution solutions, data and other revenue amounted to $51 million, up 65% from $31 million in the third quarter.
- Services — Services revenue was $37 million, basically flat with $39 million in the third quarter.
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