Despite challenging Q4, Alcatel-Lucent breaks into the black for the full-year

Alcatel-Lucent announced full-year results that met its earlier guidance and a quarterly performance that saw a “double digit decline” in the company’s Wireless business, due to “lower spending after several quarters of strong activity.” Q4 revenue in the Wireless unit amounted to €893 million (US$1.178 billion), down 22.8 per cent year-on-year.

However, overall Alcatel-Lucent reported net income of €868 million in Q4, more than double the €340 million reported in the same period in2010, on revenue of €4.15 billion, down 12.9 per cent from €4.76 billion. The net income figure includes €353 million in tax-related gains.

For the full year, Alcatel-Lucent’s net income amounted to €1.1 billion, compared with a 2010 loss of €334 million, on revenue of €15.3 billion, down 2.1 per cent year-on-year.

CEO Ben Verwaayen described the full-year results as “the first positive full-year net results for Alcatel-Lucent since the merger.”