Showing posts with label Financial. Show all posts
Showing posts with label Financial. Show all posts

Thursday, April 18, 2013

Nokia Siemens Networks Remains Profitable in Q1

Nokia Siemens Networks delivered a strong financially and contributed to an overall improvement in Nokia Group's cash position despite the seasonally weak Q1.

Overall net sales for in Q1 2013 came it at EUR 2.804 billion, down 5% YoY and down 30% compared to Q4 2012.

In the first quarter 2013, Global Services represented approximately 51% of Nokia Siemens Networks net sales, compared to approximately 52% in the first quarter 2012 and approximately 50% in the fourth quarter 2012.

In the first quarter 2013, Mobile Broadband represented approximately 44% of Nokia Siemens Networks net sales, compared to approximately 41% in the first quarter 2012 and approximately 45% in the fourth quarter 2012.

Meanwhile, the parent company (Nokia Group) achieved operating profitability for the third consecutive quarter, with a Q1 non-IFRS operating margin of 3.1%.

Commenting on the results, Stephen Elop, Nokia CEO, said "At the highest level, we are pleased that Nokia Group achieved underlying operating profitability for the third quarter in a row....Nokia Siemens Networks delivered another strong quarter and contributed to an overall improvement in Nokia Group's cash position. On the other hand, our Mobile Phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges."

http://www.nokia.com


Sunday, March 3, 2013

Deutsche Telekom Hits 2012 Financial Targets, Beating European Peers

Unlike many of its European competitors, Deutsche Telekom held its net revenue more or less steady, at EUR 58.2 billion. The organic decline in revenue - i.e., adjusted for exchange rate effects and changes in the composition of the Group - was reduced from from 3.6 percent in 2011 to 2.7 percent. The adjusted EBITDA margin for the full year stood at 30.9 percent, a decline of around 0.9 percentage points year-on-year, largely due to the increase in market investments in the German mobile communications market, especially in the fourth quarter of around 27 percent compared with the fourth quarter of 2011. With success: In these three months alone, sales of smartphones increased to a record high of around 1.5 million, and the number of new contract customers under the Deutsche Telekom and Congstar brands increased by 226,000. Ongoing competitive and price pressure and regulatory decisions also had a negative impact on the reduced EBITDA margin.

Adjusted net profit totaled EUR 2.5 billion, 11.3 percent less than in the prior year. As of year-end, the reported net loss stood at EUR 5.3 billion, EUR 0.8 billion down from the end of the third quarter of 2012. The loss is almost entirely attributable to the impairment loss recognized in the United States in the third quarter of 2012 of EUR 7.4 billion net. As already explained when the figures for the first nine months of 2012 were announced, this non-cash, purely accounting effect is a consequence of the planned business combination of T-Mobile USA and the competitor MetroPCS. The applicable accounting standards require this impairment loss to be recognized.

"This loss of billions is not what it appears to be: We are not lacking in funds to drive forward the development of the Group," emphasized René Obermann. "As we said in December, we want to massively step up investments in the future again, to almost EUR 30 billion for 2013 to 2015."

In light of these substantial increases in investments, Deutsche Telekom expects free cash flow of approximately EUR 5 billion for the current financial year, as already announced at its Capital Markets Day in December. In 2013, adjusted EBITDA is expected to amount to around EUR 17.4 billion. Assuming successful completion of the transaction with MetroPCS, the expected adjusted EBITDA would be around EUR 18.4 billion, extrapolated to include MetroPCS for the full year.

Some additional notes:


  • The number of customers with the Internet-based television service Entertain went up by 27 percent year-on-year to 2.0 million. 
  • The number of high-speed optical fiber lines increased by as much as 49 percent year-on-year to 0.9 million. Some 300,000 customers opted for fiber optic products in the past financial year. At the same time, line losses in Deutsche Telekom's traditional fixed network decreased by almost 20 percent compared with the prior year.\
  • Net debt was down EUR 3.3 billion to EUR 36.9 billion
  • The mobile contract customer base in Germany grew by 1.3 million in the past year. 569,000 of these were new customers of the Deutsche Telekom and Congstar brands, while the rest of the additions were in the fast growing, but much lower revenue reseller segment (service providers).
  • In Germany, the number of cell phones sold by the company in the full year increased to 5.6 million. The percentage of smartphones, including primarily Android-based devices and the Apple iPhone, increased by 11 percentage points against 2011 to 73 percent. Around 1.5 million smartphones were sold in the fourth quarter of 2012 alone, making it the strongest sales quarter to date.
  • Customer numbers were up at T-Mobile USA for the first time since 2009. The company's customer base grew by around 200,000 new customers compared with the end of 2011 to 33.4 million. At the same time, monthly revenue in this customer group increased by 11.2 percent year-on-year in the fourth quarter to USD 27.7, which is half the revenue of a contract customer. The number of branded contract customers declined by around 2 million in the full year. 

http://www.telekom.com

Thursday, January 24, 2013

Polaris Wireless Posts 79% Growth in 2012 for its High-Accuracy Wireless Location


Polaris Wireless, a privately-held company that supplies high-accuracy, software-based wireless location solutions to wireless operators, law enforcement/government agencies and location-based application companies, announced a record increase in revenue and profitability in 2012, where revenue grew 79 percent year-over-year, and profitability (as measured by EBITDA) increased six-fold.

Polaris Wireless said its strong results reflect sustained returns on new sales bookings starting in 2011. Twenty-four U.S. wireless carriers, six managed services partners, and fifteen international deployments now rely on Polaris Wireless location solutions to enable emergency call applications, lawful and mass location surveillance, and other location-based services.

"In 2012 Polaris Wireless continued its upward trajectory as it solidified its position as the foremost provider of high-accuracy wireless location solutions for mission critical applications," said Manlio Allegra, president, CEO and co-founder of Polaris Wireless. "We have been recognized by law enforcement and other government agencies, as well as by business media and industry analysts, as the leader in our field, a role we intend to continue to occupy in 2013 and beyond."

http://www.polariswireless.com

Monday, September 10, 2012

Alcatel-Lucent's Restructuring Seeks to Simply Operating Model


Alcatel Lucent announced the next steps in its on-going restructuring with the goal of focusing on profitable markets and customers around the world.

"In today's markets it makes sense to play to your strengths. Alcatel-Lucent’s leadership in core networking, reflects our innovation excellence and long-standing customer relationships.   The objective of the new operating structure is to strengthen Alcatel-Lucent’s presence in key telecommunications products and services through a unified business group," stated Ben Verwaayen, Chief Executive Officer.

The following changes were announced:

  • Paul Tufano becomes Chief Operating Officer, with worldwide responsibility for Supply Chain, Procurement and three individual focused businesses (Enterprise, Strategic Industries and Submarine), in addition to his current role as Chief Financial Officer.
  • Robert Vrij becomes President Global Sales & Marketing, leading a single global sales organization to oversee and manage all customer-facing commercial relationships.
  • Stephen A. Carter becomes President Managed Services & EVP Corporate Restructuring; overseeing the Performance Program and Corporate Marketing & Corporate Communications.
  • Philippe Keryer becomes President of Networks & Platforms. This worldwide business group will replace the existing regional operating structure with four global product & services business units, each with full P&L responsibility, comprising:
  • i. Core Networks, leveraging global leadership in IP and Optics; IP and Optics will be placed under the management of Basil Alwan leveraging Alcatel-Lucent’s leadership position in both of these fast growing markets.
  • ii.  Fixed Networks, investing further in the Company’s leadership position in this market and the synergies with Small Cell deployment.
  • iii. Wireless, focusing customers in North America, China and EMEA.
  • iv.  Platforms, evolving the company’s High Leverage Network capabilities into unified software platforms for control, optimization and network analytics.
  • George Nazi remains President of the previously created Global Customer Delivery division.
  • Jeong Kim remains President of Bell Labs and Chief Strategy Officer and will be responsible for the Company’s patents assets/portfolio.
  • In July 2012, Alcatel-Lucent announced 5,000 job cuts as part of an accelerated restructuring program.

Monday, September 3, 2012

Windstream Responds to Bribery Charges


Windstream denied bribery and conspiracy allegations contained in an indictment returned by an Oklahoma grand jury. The allegations stem from a customer event that Windstream hosted at the 2007 NCAA Final Four men’s basketball championship for business customers, including the Broken Arrow School District.

http://www.windstream.com

Wednesday, August 15, 2012

Alcatel-Lucent Offers API Consulting Services

Alcatel-Lucent is launching a new consulting and professional services practice to help service providers adopt a lifecycle methodology for application programming interfaces (APIs). The goal is to provide expertise and technology to streamline the creation, deployment and management of network-based services.


"APIs are the glue that ties together all the elements of the data economy – apps, the cloud and big data. But launching and supporting a dynamic API strategy is not easy - these programs need to be monitored, nurtured and directed as they evolve over time. Operators need to offer a program that lowers the barrier to entry for developers and creates a more supportive environment. Our methodology and related services are designed to address the pain points affecting developers when designing, implementing and integrating APIs," stated Laura Merling, Senior Vice President, Application Enablement at Alcatel-Lucent.
http://www.alcatel-lucent.com




Michael Klayko Steps Down as CEO of Brocade

Michael A. Klayko will resign as CEO of Brocade pending identification of a successor.

Michael Klayko, CEO of Brocade, stated, "Decisions like these are never easy, but I believe it is the right time. The Company is in a great position financially, and our product pipeline will continue to strengthen and clearly separate Brocade from other networking providers. Until a successor is identified, I remain focused on my role as CEO and on continuing to execute our strategy."

Brocade's Chairman, Dave House, said, "We want to thank Mike for his more than seven years of service as CEO. He has led us through two major acquisitions and has positioned us as a technology leader and world-class provider of networking solutions. We wish him the best and appreciate his continued service to Brocade as the Company works to identify the right leader to assume his role."
http://www.brocade.com

  • Brocade acquired McDATA in 2006 and Foundry Networks in 2008.

Monday, August 13, 2012

Google Cuts Staff at Motorola Mobility

Google will cut headcount at Motorola Mobility, its newly acquired subsidiary, by approximately 4,000 out of a total of about 20,000 employees. Two-thirds of the job cuts will occur outside of the U.S. The layoffs are expected to hit about 700 employees in the Chicago area.



In addition, Motorola Mobility plans to close or consolidate about one-third of its 90 facilities, as well as simplify its mobile product portfolio-shifting the emphasis away from feature phones.
http://www.motorola.com http://www.google.com
  • In July 2012, Motorola Mobility will relocate its headquarters in Libertyville, Illinois to downtown Chicago's Merchandise Mart in summer 2013. Motorola Mobility will become the landmark building's largest tenant and will occupy nearly 600,000 square feet on the top four floors and the rooftop.

Thursday, August 9, 2012

Dialogic Appoints Kevin Cook as President and CEO

Dialogic has appointed current President and COO Kevin Cook as President and CEO, replacing Nick Jensen who resigned last week but remains as a member of the Dialogic Board and will assume the role of non-executive Vice Chairman.

Cook became President and COO of Dialogic in December 2011. In this capacity, he has directed global operations for more than 700 employees in 30 countries. Previously, he served as Executive Vice President of Worldwide Field Operations from 2010 until 2011, responsible for sales, marketing, services and our global go-to-market strategy. Cook joined Dialogic as Senior Vice President of Worldwide Sales and Support in 2008.

http://www.dialogic.com


Thursday, July 26, 2012

AuthenTec for Fingerprint Sensors

Apple agreed to acquire AuthenTec, a specialist in mobile biometrics, for approximately $355 million.


AuthenTec provides smart fingerprint sensors and modules. The company also offers a comprehensive embedded security portfolio that includes IP security (IPsec) and SSL toolkits, DRM content protection, semiconductor IP and security processors.


AuthenTec claims nearly 200 foundational technology patents related to fingerprint biometrics covering fingerprint sensors and sensor packaging, software and end use. Top tier customers include Alcatel-Lucent, Cisco, Fujitsu, HBO, HP, Lenovo, LG, Motorola, Nokia, Orange, Samsung, Sky, and Texas Instruments. AuthenTec is based in Melbourne, Florida.
http://www.apple.com
http://www.authentec.com/

AT&T Looks to Repurchase More Shares

AT&T's Board of Directors has authorized the repurchase of up to 300 million additional shares, representing approximately 5 percent of AT&T shares outstanding, with no expiration date. This authorization is in addition to the 300 million share repurchase authorization approved by the Board of Directors in December 2010.


"This action allows us to continue returning cash to our shareholders through dividends and buybacks while maintaining a strong balance sheet and investing in the future of our business," said Randall Stephenson, AT&T chairman and chief executive officer.


Under the December 2010 authorization, AT&T had repurchased 143.5 million of its shares for about
$4.6 billion through June 30, 2012. Including dividends, the company returned nearly $10 billion to shareholders in the first half of 2012.
http://www.att.com

Wednesday, July 25, 2012

Tellabs Reports Q2 Revenue of $288 million

Tellabs reported Q2 revenue of$288 million, compared with $317 million in the year-ago quarter. There was a net loss of $5 million or 1 cent per share in the second quarter of 2012, compared with a net loss of $29 million or 8 cents per share in the second quarter of 2011.

"In the second quarter, Tellabs grew revenue sequentially by 12%, generated $32 million in cash from operations, and improved margins and profitability," said Dan Kelly, Tellabs acting CEO and president. "We won new business and delivered major product releases. While we see a challenging
economic and industry environment ahead, our goals are to help customers succeed and to improve
Tellabs' profitability."http://www.tellabs.com/investors

Ixia Posts Revenue of $92.3 Million

Ixia posted Q2 revenue of $92.3 million, compared with $69.0 million reported for the 2011 second quarter and $85.6 million reported for the 2012 first quarter. Second quarter 2012 revenue includes approximately $3.9 million attributable to the recently acquired Anue Systems for the period following the June 1, 2012 closing date. Net income (GAAP) was $26.9 million, or $0.33 per diluted share, compared with net income of $0.5 million, or $0.01 per diluted share, for the 2011 second quarter.


"Our solid second quarter results were driven by healthy demand for our high-speed Ethernet, LTE and Wi-Fi products," commented Vic Alston, Ixia's president and chief executive officer. "We are very pleased with the momentum of our organic business -- on a standalone basis we generated record revenue and non-GAAP operating profit in the quarter."
http://www.ixiacom.com

Radisys Reports Q2 Revenue of $77.6 Million

Radisys reported Q2 revenues of $77.6 million and non-GAAP revenue of $77.7 million. Second quarter GAAP net income was $1.3 million or $0.05 per share and non-GAAP net income was $5.2 million or $0.17 per diluted share.


Commenting on the second quarter results, Mike Dagenais, Radisys' Chief Executive Officer, stated, "Our second quarter non-GAAP earnings came in towards the higher end of our expectations. A favorable ATCA customer mix combined with strong Software-Solutions revenue, which was over 20% of total revenue, enabled non-GAAP gross margins of over 37%, our highest level in many years. When combined with tight expense controls, we were able to achieve our expected earnings target despite the lower than expected overall revenue levels."


The company noted 24 new wins across 21 different customers, 9 of which were new to Radisys. The design wins were a healthy blend between ATCA and Com Express; Com Express in particular had very strong wins across many applications including medical imaging, military communications, and photo radar. http://www.radisys.com

NETGEAR Posts Q2 Revenue of $321 Million, up 10% YoY

NETGEAR reported Q2 2012 net revenue of $320.7 million, as compared to $291.2 million in the comparable prior year quarter, 10.1% year-over-year growth. Net income, computed in accordance with GAAP, for the second quarter of 2012 was $21.5 million, or†$0.56 per diluted share.


Patrick Lo, Chairman and Chief Executive Officer of NETGEAR commented, "Despite the challenging macro environment in Europe, we are pleased that we finished the second quarter with double digit year-over-year worldwide revenue growth. We increased our R&D spend and we are excited about the 26 products introduced in Q2 as well as the new products planned for the rest of the year.† We continued to see strong revenue growth and market share gain in Asia Pacific, the fastest growing region in the world."http://investor.netgear.com

Alcatel-Lucent's Q2 Hit by Delayed Carrier Spending

Citing delayed carrier spending and deteriorating macroeconomic environment, Alcatel-Lucent reported disappointing financial results for Q2 2012 as the company generated revenues of Euro 3,545 million, up 10.6% quarter-over-quarter and down 7.1% year-over-year on a reported basis. Gross margin came in at 31.7% of revenue for the quarter, compared to 34.9% in the year ago quarter and 30.3% in the first quarter 2012. There was a net loss of Euro (254) million or Euro (0.11) per share. This includes a Euro (176) million financial charge pre-tax, or Euro (108) million after tax.


Alcatel-Lucent announced 5,000 job cuts as part of an accelerated restructuring program.


"The second quarter performance confirms our strong positions in many attractive market segments including IP, Next-Generation Optics and Broadband Access, all of which are key investment areas that support our High Leverage Network Strategy," stated Ben Verwaayen, CEO Alcatel-Lucent.


"However, despite having demonstrated our ability to deliver operational profitability, it is clear from the deteriorating macro environment and the competitive pricing environment in certain regions challenging profitability that we must embark on a more aggressive transformation. We are therefore launching today The Performance Program to accelerate our transformation and reduce costs by Euro 1.25 billion by the end of next year in order to keep ahead of market realities. These times demand firm actions."


Some notes:

The growth rate in the IP business was more than offset by the double digit declines in both Wireless, resulting from a higher comparison base and moderate or delayed spending from service providers, and Optics.

Wireline posted a strong sequential increase and is further reducing the pace of its year-over-year decline rates, highlighting continuous increased demand in fiber access.

Software, Services & Solutions (S3) segment was declining at a high single digit rate, with Services business being almost flat.

Revenues for the IP division were Euro 473 million, a 16.5% increase from the year-ago quarter. Growth continued in the Americas and Asia Pacific regions and was joined this quarter by growth in the EMEA region as well. Revenues for the Optics division were Euro 542 million, a decrease of 16.0% from the year-ago quarter. The terrestrial optics business witnessed a high-single digit rate of decline, thanks to resilience in next-gen products which partially offset the secular decline of legacy optics.

Revenues for the Wireless division were Euro 877 million, a decrease of 18.7% from the year-ago quarter. Moderate or delayed spending of service providers drove declines in 2G and 3G technologies. Sequentially, CDMA stabilized in the US, and witnessed some good growth in China from network expansions. The LTE business more than tripled compared to the year-ago quarter. http://www.alcatel-lucent.com

Tuesday, July 24, 2012

BT's Profit Grows as Revenue Declines 6% YoY

BT's overall revenues declined 6% YoY in its most recent fiscal quarter to GBP 4,484 million. CAPEX increased significantly over the same period last year as the company continued its fibre rollout. Nevertheless, earnings per share increased thanks to greater efficiency at the company. There were good performances in BT Retail, BT Wholesale and Openreach while BT Global Services (-9% YoY) was impacted by the tough conditions in Europe and the financial services sector.

"Our financial performance allows us to keep investing for the future. Our engineers are rolling out fibre at pace bringing fibre broadband to over 2m more homes and businesses in the quarter and it's now available to over 11m premises. Our investment plans are creating around 2,000 jobs in 2012 by recruiting engineers to support our fibre plans and opening four new UK call centres. We continue to make good progress with our investments in the faster growing economies."http://www.btplc.com

LSI Sees Flash Adoption Across Clients and Data Centers

LSI reported Q2 revenues from continuing operations of $660 million, in line with guidance, compared to $501 million generated from continuing operations in the second quarter of 2011, and compared to $622 million generated from continuing operations in the first quarter of 2012. Second quarter 2012 GAAP** income from continuing operations was $59 million or $0.10 per diluted share, compared to second quarter 2011 GAAP income from continuing operations of $28 million or $0.05 per diluted share.


"We are pleased with our performance in the second quarter as we delivered strong growth and further expanded our profitability in a challenging macroeconomic environment," said Abhi Talwalkar, LSI's president and CEO. "Demand, particularly for our flash-related products, was driven by rapid adoption across client and datacenter computing where customers are increasingly turning to LSI to enhance or accelerate application performance."http://www.lsi.com

Monday, July 23, 2012

Riverbed Hits Q2 Revenue of $198 Million, up 9%

Riverbed reported GAAP revenue for Q2’12 of $198 million, an increase of 9% compared to $182 million in the first quarter 2012 (Q1’12) and an increase of 17% compared to $170 million in the second quarter 2011 (Q2’11). GAAP net income for Q2’12 was $18 million, or $0.11 per diluted share.

“We executed well in the second quarter, driving stronger sales of our new Steelhead and Cascade platforms, demonstrating continued demand for performance-improvement technologies," said Jerry M. Kennelly, Riverbed president and CEO. “Revenue grew across all major geographies and revenue growth accelerated across our core product offerings. Looking forward, we believe our expanded product offerings and partnerships will further extend our reach to new customers and market segments."

http://www.riverbed.com

Juniper Posts Revenue of $1.07 Billion, Down 4% YoY

Juniper Networks' Q2 revenue increased 4% sequentially, and decreased 4% on a year-over-year basis, to $1,074 million. GAAP net income came in at $58 million, or $0.11 per diluted share, and non-GAAP net income of $103 million, or $0.19 per diluted share, for the second quarter of 2012.

"Juniper's second quarter results delivered sequential top line growth as a result of our focus on execution," said Kevin Johnson, CEO of Juniper Networks. "New products continued to gain traction in the marketplace with key customer wins across our portfolio. In a challenging macro environment, we remain focused on our operational execution, delivering great products, driving revenue and managing our cost base."
http://www.juniper.net