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Nokia Q2 profit up 20 percent to $285 million
2014-07-24 10:26:36| Telecom - Topix.net
Telecommunications and wireless equipment maker Nokia Corp. says second-quarter profit rose 20 percent to 213 million euros on the back of improved profitability of its key networks unit.
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Nokia Q2 results still lower, sees better H2
2014-07-24 08:43:00| Telecompaper Headlines
(Telecompaper) Nokia reported lower sales and operating profit in the second quarter, but said its main Networks division should do better over the full year. In the first quarter since the sale of its handset business, Nokia posted revenues of EUR 2.94 billion, down 7 percent from a year earlier on a pro forma basis. Adjusted operating profit fell 19 percent to USD 347 million, while the net loss narrowed slightly, to USD 0.01 per share from USD 0.02. Nokia Networks achieved an adjusted operating margin of 11.8 percent, and Nokia said it now expects the division to exceed its long-term target of 5-10 percent this year. Networks should also return to revenue growth in the second half of the year. Total profit was still down at the networks division in Q2, to EUR 281 million from EUR 328 million a year ago, and net sales dropped to EUR 2.6 billion from EUR 2.8 billion. Excluding currency effects and divestments of non-core businesses, sales at Nokia Networks would have increased 1 percent year-on-year. Nokia otherwise benefited from increased licence revenue from Microsoft nthe quarter, as well as the proceeds from the handset sales. This left the company with net cash of EUR 6.5 billion at the end of June. It also paid off EUR 1.5 billion in convertible bonds from Microsoft and EUR 950 million in Nokia Networks debt, leaving it with no remaining financial covenants.
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Nokia ups outlook as China boosts Networks numbers
2014-07-24 02:00:00| Total Telecom industry news
Finnish vendor beats expectations as it posts its first set of quarterly results since the sale of its handsets business.
Tags: china
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networks
ups
Nokia Lumia 635 (T-Mobile)
2014-07-23 20:37:49| PC Magazine: New Product Reviews
The Nokia Lumia 635's style puts it way ahead of other inexpensive smartphones on T-Mobile, although its camera capabilities are seriously lacking.
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tmobile
tmobile nokia
nokia tmobile
Microsoft profits fall after Nokia handsets acquisition
2014-07-23 08:41:00| Telecompaper Headlines
(Telecompaper) Microsoft reported pressure on quarterly profits in its fiscal fourth quarter after completing the acquisition of Nokia's handset business. Earnings for the three months to June fell 7 percent from a year earlier to USD 0.55 per share, including a loss of USD 0.08 per share from the phone business. Revenues rose 18 percent year-on-year to USD 23.38 billion, with USD 1.99 billion coming from the former Nokia business, and operating profit improved 7 percent to USD 6.48 billion, with a loss of USD 692 million from the handset activities. Microsoft's revenue growth was otherwise supported by a recovering PC market, with Windows OEM revenue up 3 percent. Office 365 added another 1 million consumer subscribers in the quarter, and Bing increased advertising revenues by 40 percent. In the commercial market, server product revenues, including Azure, were up 16 percent, and Windows licensing volume rose 11 percent. Overal, consumer and device revenues increased 42 percent to USD 10.0 billion, and commercial revenues were up 11 percent to USD 13. billion.
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microsoft
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