Vendor results - 27/10/05

ZTE posts 9-month profit of $104m, up 16%, revenues of $1.86bn, down 8%. Operating income rose 9% to $98m.

ST Microelectronics announced 9-month revenues of $6.5bn (+1%), a gross margin of 33% (down 3 points), an operating income of $47m (down 90%), and a net income of $83m(down 80%).

CSG posted 9-month revenues of $291m, up 8%, an income Income from continuing operations of $41m, up 10%, and a net income of $30m, down 12%.

Avaya announced income from continuing operations of $660m in its FY4Q05 quarter, income from continuing operations of $95m, on revenues of $1.3bn, up 20%. FY05 revenues grew 20.5% to $4.9bn while the operating income rose 7% to $33m.

Lucent reported FY4Q05 results of: revenues at $2.43bn, up 1%, earnings of $374m (flat). Fort its fiscal year, Lucent announced revenues of $9.4bn, up 4%, and earnings of $1.2bn, down 40%.

Tellabs earned $68m in 3Q05 excluding special items, up 33%, on revenues of $464m, up 63%.

Dassault Systems (France) reports € 214m in turnover, up 14%, and operating income rising 10% to € 50m.

Agere Systems posts 3Q05 net income of $7m, on revenues of $416m, compared with net losses of $127m,on revenues of $439m a year ago.

BenQ (Taiwan) reports sales of $1bn, up 15% and net profit of $0.6m, down 96%.