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Nokia's Second-Quarter Profit Falls 37 Percent as US Phone Operators Slash Spending
Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators. The 5G deployment in India drove growth for its mobile network business. But net sales fell in North America as clients continue to review their spending and reduce their inventory levels.
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Nokia Q3 Operating Profits Below Expectations Amid Strong Demand From Phone Makers, India 5G Rollout
Nokia on Thursday said that the company's Q3 operating profits, which rose EUR 658 million (roughly Rs. 5,500 crore) from EUR 633 million (roughly Rs. 5,150 crore) last year, were below market expectations. The company said that it expects growth on a constant currency basis in its markets in 2023.
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Nokia Confident About Future as It Post Strong Profit After ‘Transformational’ 2021
Nokia reported a solid increase in profits in 2021 and issued a confident outlook for the coming years as sales rose despite supply problems.
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Nokia Shrugs Off Chip Problems to Double Profit in Q3 2021
Nokia said that it was able to double its profits in the third quarter of the current year, despite the worldwide shortage of computer chips.
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Nokia Gets on 5G Growth Path as New Sales Strategy Takes Shape
Nokia showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14 percent.
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Nokia Cuts Profit Forecast and Revamps 5G Strategy Under New CEO Pekka Lundmark
Telecom equipment maker Nokia is overhauling its strategy to win the 5G race. The Finnish company helmed by a new CEO also cut its full-year profit and margin forecasts on Thursday, sending its shares tumbling 13 percent.
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5G’s Arrival Tees Up Patent Fights in Market Set to Grow 12,000 Percent
Battles unfolding on several continents over who profits from connected cars, smart homes, and robotic surgery may dwarf the size and scope of the tech industry’s first worldwide patent war – the one over smartphones.
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Nokia Posts Surprise Second-Quarter Profit Jump as Pekka Lundmark Is Poised to Take Over as CEO
Nokia reported an unexpected rise in its Q2 underlying profit despite the COVID-19 crisis, while its new CEO Pekka Lundmark takes over this weekend.
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Nokia Makes Small Profit Despite Supply Disruption Due to COVID-19 Pandemic
The Finnish company, battling with China's Huawei and Sweden's Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth.
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Nokia Posts Surprise Profit but Flags Tough Times Ahead
Cost cuts helped Nokia to a surprise rise in its October-December underlying profit on Thursday, although the Finnish telecom network equipment maker flagged tough times ahead and said it would not propose a dividend for 2019.
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Nokia Slashes Profit Outlook in Fight for 5G Business
Nokia slashed its 2019 and 2020 profit outlook on Thursday, saying profits would come under pressure as the company spends more to fend off rivals in the fast-growing 5G networks business.
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Nokia Q2 Earnings Beat Forecasts on Solid Demand, Maintains Outlook
Nokia on Thursday reported a surprise rise in second-quarter profit, citing higher demand, while maintaining its 2019 profit outlook.
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Nokia Kicks Off Cost-Cutting Plan After Third-Quarter Profit Drops 27 Percent
Nokia kicked off a new cost-cutting programme on Thursday and repeated an ambitious profit forecast.
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Nokia Posts Profit Drop, Counts on 5G Boost Later in Year
Nokia posted quarterly earnings below market expectations on Thursday but vowed that business would recover later this year on the back of a next-generation 5G cycle.
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Airtel's Online Store Offers Nokia Phones For Rs 3,799, Balance In Instalments
Earlier, the online store had launched iPhone 7 and 7 plus and Samsung Galaxy S9 and S9 Plus variants.
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Nokia's Second-Quarter Profit Falls 37 Percent as US Phone Operators Slash Spending
Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators. The 5G deployment in India drove growth for its mobile network business. But net sales fell in North America as clients continue to review their spending and reduce their inventory levels.
-
Nokia Q3 Operating Profits Below Expectations Amid Strong Demand From Phone Makers, India 5G Rollout
Nokia on Thursday said that the company's Q3 operating profits, which rose EUR 658 million (roughly Rs. 5,500 crore) from EUR 633 million (roughly Rs. 5,150 crore) last year, were below market expectations. The company said that it expects growth on a constant currency basis in its markets in 2023.
-
Nokia Confident About Future as It Post Strong Profit After ‘Transformational’ 2021
Nokia reported a solid increase in profits in 2021 and issued a confident outlook for the coming years as sales rose despite supply problems.
-
Nokia Shrugs Off Chip Problems to Double Profit in Q3 2021
Nokia said that it was able to double its profits in the third quarter of the current year, despite the worldwide shortage of computer chips.
-
Nokia Gets on 5G Growth Path as New Sales Strategy Takes Shape
Nokia showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14 percent.
-
Nokia Cuts Profit Forecast and Revamps 5G Strategy Under New CEO Pekka Lundmark
Telecom equipment maker Nokia is overhauling its strategy to win the 5G race. The Finnish company helmed by a new CEO also cut its full-year profit and margin forecasts on Thursday, sending its shares tumbling 13 percent.
-
5G’s Arrival Tees Up Patent Fights in Market Set to Grow 12,000 Percent
Battles unfolding on several continents over who profits from connected cars, smart homes, and robotic surgery may dwarf the size and scope of the tech industry’s first worldwide patent war – the one over smartphones.
-
Nokia Posts Surprise Second-Quarter Profit Jump as Pekka Lundmark Is Poised to Take Over as CEO
Nokia reported an unexpected rise in its Q2 underlying profit despite the COVID-19 crisis, while its new CEO Pekka Lundmark takes over this weekend.
-
Nokia Makes Small Profit Despite Supply Disruption Due to COVID-19 Pandemic
The Finnish company, battling with China's Huawei and Sweden's Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth.
-
Nokia Posts Surprise Profit but Flags Tough Times Ahead
Cost cuts helped Nokia to a surprise rise in its October-December underlying profit on Thursday, although the Finnish telecom network equipment maker flagged tough times ahead and said it would not propose a dividend for 2019.
-
Nokia Slashes Profit Outlook in Fight for 5G Business
Nokia slashed its 2019 and 2020 profit outlook on Thursday, saying profits would come under pressure as the company spends more to fend off rivals in the fast-growing 5G networks business.
-
Nokia Q2 Earnings Beat Forecasts on Solid Demand, Maintains Outlook
Nokia on Thursday reported a surprise rise in second-quarter profit, citing higher demand, while maintaining its 2019 profit outlook.
-
Nokia Kicks Off Cost-Cutting Plan After Third-Quarter Profit Drops 27 Percent
Nokia kicked off a new cost-cutting programme on Thursday and repeated an ambitious profit forecast.
-
Nokia Posts Profit Drop, Counts on 5G Boost Later in Year
Nokia posted quarterly earnings below market expectations on Thursday but vowed that business would recover later this year on the back of a next-generation 5G cycle.
-
Airtel's Online Store Offers Nokia Phones For Rs 3,799, Balance In Instalments
Earlier, the online store had launched iPhone 7 and 7 plus and Samsung Galaxy S9 and S9 Plus variants.
