SINGAPORE, 6 NOVEMBER 2009 -- ICT operator T-Systems, in the third quarter of 2009, incurred net revenues of 1.467 billion euros [US$2.18 billion], which is a 5.5-per cent dip from 1.553 billion euros [US$2.3 billion] in the same period in 2009.
On a cumulative basis in the nine-month period, however, the decrease became slightly narrower with T-Systems only registering a 2.8-per cent reduction in net revenues to 4.465 billion euros [US$6.64 billion] from 4.595 billion euros [US$6.83 billion].
From July to September this year, T-Systems took in 16 million euros [US$23.8 million] in profits from operations, which is a significant improvement from the losses of 11 million euros [US$16.36 million] it incurred in the same period in 2008. From January 2009, however, T-Systems only received 54 million euros [US$80.3 million], or a plunge of 86.7 per cent from 407 million euros [US$605.29 million].
Top-line figures also showed that the decrease in total revenues from January to September 2009 is lower compared to the rate recorded in the July to September period.
Total revenues dropped in the third quarter by 7.3 per cent year-on-year to 2.125 billion euros [US$3.16 billion]. Combined revenues in the three quarters of 6.41 billion euros [US$9.53 billion], however, displayed a lower five per cent drop.
Customers exercising restraint
T-Systems also recorded an 11.7-per cent drop in new orders in the third quarter compared with the same period in 2008 to 1.7 billion euros [US$2.528 billion].
In a statement, the company said business with customers outside Deutsche Telekom generated revenues of 4.5 billion euros [US$6.69 billion] in the first three quarters of 2009. The decrease of 2.8 per cent year-on-year reflects the general situation in the market, it added.
"Customers are exercising restraint regarding new projects in particular as a result of the global financial and economic crisis. International revenue, by contrast, increased by around one per cent and continued the positive trend of prior quarters," T-Systems said.
Despite the global slump in the automotive sector, T-Systems bagged "major" deals such as with automotive supplier Continental.
Aside from gains in the automotive sector, the company said it has won international orders from dental solutions company Nobel Biocare.
Looking ahead from the recent approval of its takeover of SAP's entire hosting customer base in Europe, T-Systems will support the software applications of almost 90 companies at its own data centres in the future.
With some 46,000 employees, T-Systems operates its information and communication technology (ICT) systems for multinational corporations and public sector institutions. On this basis, Deutsche Telekom's corporate customer arm provides integrated solutions for the networked future of business and society.
