Telecom Lead America: Tellabs, a vendor of optical
networking solutions, has posted revenues of $258 million for the first quarter
2012, down 20 percent, as compared with $322 million in the year-ago quarter.
For Q1 2012, the company earned $209.7 million from its
product business, up 23 percent against $272.4 million for the same period of
2011. On the other hand, from its services business the company earned $48.2
million revenue, up 3.6 percent as compared with $50 million for Q1 2011.
Revenue from the Broadband segment was $130.1 million,
down 24 percent, as compared with $173.0 million.
Revenue from the Transport segment was $79.6 million,
down 19.9 percent, as compared with $99.4 million. And, revenue from the
Services segment was $48.2 million, up 3.6 percent, as compared with $50.0
million Tellabs recorded a net loss of $140 million in the
first quarter of 2012, compared with a net loss of $24 million in the first
quarter of 2011.
On a geographic basis, revenue from customers outside
North America was $131.3 million or 51 percent of total revenue, compared with
$147.3 million or 46 percent of total revenue, as increased revenue in the
Latin American Caribbean region was more than offset by lower revenue in the
Europe Middle East and Africa region and the Asia Pacific region. Revenue from
customers in North America (United States and Canada) was $126.6 million (or
49% of total revenue), compared with $175.1 million (or 54% of total revenue).
The company said that revenue from its growth portfolio
was $147.0 million or 57 percent of total revenue, compared with $194.4 million
or 60 percent of total revenue.
On the other hand its core portfolio accounted for $110.9
million or 43 percent of total revenue, compared with $128.0 million or 40
percent of total revenue.
The company expects second-quarter 2012 revenue to be in
a range from $280 million to $305 million. The gross margin is expected to be
40 percent, plus or minus 1 or 2 points, depending on product mix.
Furthermore, the company expects second-quarter operating
expense to be in mid-$100-teens.
“The first quarter of 2012 was tough, yet we made
progress on advancing Tellabs’ solutions and products. Looking ahead to the
second quarter, we’re encouraged by solid bookings and we expect to see revenue
growth and profitability on a non-GAAP basis,” said Rob Pullen, Tellabs CEO and
president.
Tellabs and NEC ink deal for resale of Tellabs 7100 packet
optical transport system
Recently, Tellabs and NEC Networks & System
Integration Corporation, a Japanese network systems integrator entered into an
agreement for the resale of Tellabs 7100 Packet Optical Transport System
into the Japanese marketplace.
