Revenues for the first quarter to 3.740 billion euros, up 15.2% over first quarter 2010 and down 23.1% from the previous quarter. At constant exchange rates and constant perimeter, revenues were up 13.9% over first quarter 2010 and down 21.6% from the previous quarter.
Adjusted operating profit was 13 million euros, or 0.3% of revenues. Gross margin amounted to 36.2% of revenues this quarter compared to 32.6% in first quarter 2010 and 36.2% in the fourth quarter of 2010.
Reported net income (Group share) is negative by 10 million euros - 0,00 euros per share. This includes an exceptional gain of EUR 69 million before and after tax related to an amendment of the U.S. system of retirement of the Directorate.
Alcatel-Lucent, in addition to the published results, adjusted results that exclude major impact, no impact on cash, records tracking the allocation of the purchase price of Lucent. Adjusted net income for the first quarter of 2011 (group share) was positive at 32 million euros, or diluted earnings per share of 0.01 euro (0.02 U.S. dollars per ADS).
"With a strong start to the year, we confirm our outlook for 2011 to grow faster than our addressable market with an adjusted operating profit more than 5% of sales 2011. Although we encountered some difficulties with our supply chain, we expect they will have limited impact on our performance through actions implemented rapidly. "Said Ben Verwaayen, CEO.
Adjusted operating profit was 13 million euros, or 0.3% of revenues. Gross margin amounted to 36.2% of revenues this quarter compared to 32.6% in first quarter 2010 and 36.2% in the fourth quarter of 2010.
Reported net income (Group share) is negative by 10 million euros - 0,00 euros per share. This includes an exceptional gain of EUR 69 million before and after tax related to an amendment of the U.S. system of retirement of the Directorate.
Alcatel-Lucent, in addition to the published results, adjusted results that exclude major impact, no impact on cash, records tracking the allocation of the purchase price of Lucent. Adjusted net income for the first quarter of 2011 (group share) was positive at 32 million euros, or diluted earnings per share of 0.01 euro (0.02 U.S. dollars per ADS).
"With a strong start to the year, we confirm our outlook for 2011 to grow faster than our addressable market with an adjusted operating profit more than 5% of sales 2011. Although we encountered some difficulties with our supply chain, we expect they will have limited impact on our performance through actions implemented rapidly. "Said Ben Verwaayen, CEO.