Record Third Quarter 2000 Results : Sales Increase 50% - Income from Operations Doubles Improving Full Year Outlook
Paris, October 31, 2000 - Alcatel (Paris: CGEP.PA and NYSE: ALA) today reported third quarter sales of EUR 7,908 million, an increase of 50% compared with EUR 5,261 million in third quarter 1999, with the four Telecom segment sales growing 57%. Income from operations doubled to EUR 619 million against EUR 296 million in Q3 99, with the four Telecom segments gaining 92%. Net income increased to EUR 297 million, or a diluted EPS of EUR 0.25 per share ($0.22 per ADS), versus EUR 83 million, or EUR 0.09 per share ($0.08 per ADS), a year earlier.
For the first nine months sales advanced 42% to EUR 21,719 million. Income from operations registered a 126% progression to EUR 1,370 million and net income nearly tripled to EUR 898 million compared with EUR 305 million in 1999. The four Telecom segment sales and income from operations grew by 47% and 121%, respectively.
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