Net Income Revenues Net sales from Network Infrastructure totaled €1.52 billion ($1.64 billion), down from €1.7 billion in the yearago quarter. The top line missed our revenue estimate of €1.92 billion. At cc, IP Networks recorded a 6% decline year over year, owing to weakness in Europe, Greater China and Latin America region. Nokia Technologies contributed €356 million ($383 million) compared with €334 million in the year-ago quarter. Net sales increased 7% on a reported basis and 5% at cc. The uptick was ...

Key Takeaways American depositary receipts (ADRs) of Nokia (NOK) dropped Thursday after the Finnish telecommunications company reported second-quarter results that included lower sales than analysts had expected and a surprise loss. Sales fell 18% year-over-year to EUR4.47 billion, with Chief Executive Officer (CEO) Pekka Lundmark noting that they were being impacted by "ongoing market weakness." Despite the worse-than-expected first- and second-quarter sales and lowered full-year sales projections for its ...

OP margin Public 18 July 2024 Q2 2024 1 © 2024 Nokia It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements preceded by "believe", "expect", "expectations", "commit", "envisage", "anticipate", "foresee", "see", "target", "estimate", "designed", "aim", "fo ...

Fixed networks continues to be well positioned to benefit from strong demand in the fiber market. This is evident in markets where fiber is not yet highly penetrated and in more mature markets where customers are starting to upgrade to XGS-PON or 25G PON. Elsewhere, government funding projects are expected to start towards the end of this year and Nokia was the first vendor to announce the availability of Buy America compliant products. Given these dynamics and opportunities, we target mid-single-digit grow ...

Nokia Corporation Half Year Report 18 July 2024 at 08:00 EEST Nokia Corporation Report for Q2 and Half Year 2024 Full year outlook reiterated in challenging environment Q2 net sales declined 18% y-o-y in constant currency (-18% reported) primarily due to strong year-ago quarter in India. Submarine Networks treated as discontinued operation. Positively, order intake trends continued to improve, particularly in Network Infrastructure. Comparable gross margin in Q2 increased by 450bps y-o-y to 44.7% (reported ...

Press Release Spain's Aire Networks selects Nokia mobile core solutions to enhance customer experience The deal, which includes Nokia voice core, packet core, subscriber data management, policy control and signaling will increase the operator's network capacity. Nokia's solutions will support Aire's network evolution to unlock new services and business models that deliver faster time to value and revenue streams. Resources and additional information Website: Nokia MantaRay NM Website: Nokia 5G Voice Core We ...

Nokia Corporation (NOK) has announced a strategic partnership with Telecom Egypt to introduce 5G technology in the Middle-East country for the first time. This collaboration aims to significantly enhance the country's telecommunications infrastructure and accelerate its digital transformation journey. Shares of Nokia have gained 2.6% over the past year compared with the industry's growth of 50.7%. Ooma, Inc. (OOMA) offers cloud-based communications solutions, smart security and other connected services. The ...

Press Release Nokia and Telecom Egypt bring 5G to Egypt for the first time Please refer to Telecom Egypt's full financial disclosures on ir.te.eg Tommi Uitto, President of Mobile Networks at Nokia, said: "This important 5G contract with Telecom Egypt extends our longstanding partnership. The introduction of 5G services enabled by our extensive portfolio will open exciting new opportunities for people and businesses in Egypt to experience enhanced mobile connectivity. Our collaboration establishes a strong f ...

Michael Vi In the three months since posting first-quarter results, Nokia (NYSE:NOK) gained 16.67%. This return is almost double that of the S&P 500 (IVV), which gained 8.15%. When the communications equipment supplier reports Q2 results this Thursday, July 18, 2024, what should shareholders expect? Investors have five things to consider. 1. Nokia Q1 2024 Results In the last quarter, Nokia posted non-GAAP earnings per share of EUR 0.09 (USD 0.10). Revenue fell by 20.3% Y/Y to EUR 4.67 billion (USD 5.1 billi ...

Nokia Corporation (NOK) recently partnered with Norlys to enhance telecommunication infrastructure in Denmark. This collaborative effort is aimed at strengthening Norlys' mobile core network, boosting security measures and optimizing managed services to elevate user experiences across Norlys' extensive network infrastructure. Additionally, Nokia will plug in NetGuard telco-grade Endpoint Detection and Response, Privileged Access Management and Certificate Management solutions to enhance security. Nokia will ...