Nokia Q4 Boosted By North America

Comments Off on Nokia Q4 Boosted By North America 14

Nokia on Thursday published a strong set of fourth quarter results driven by LTE network deployments at major North American customers.

The Finnish kit maker’s revenue grew 9% on-year to €3.8 billion in the three months to 31 December, while non-IFRS operating profit grew 28% to €524 million. Profit attributable to equity holders came in at €443 million, compared to an €18 million loss in Q4 2013.

“The power of the new Nokia could be seen in our fourth quarter results. All of our businesses delivered strong year-on-year net sales growth,” said Nokia CEO Rajeev Suri, in a statement.

Its closely-watched Networks division, which accounts for the vast majority of Nokia’s revenue, generated fourth quarter net sales of €3.4 billion, an increase of 8% on last year. Its operating profit grew 35% to €470 million.

The strong performance was driven by North America, where Networks revenue increased 95% on-year to €514 million, which Nokia attributed to “LTE network deployments at major customers.” Original post at Total Telecom

Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand


Similar articles

Get in Touch

Phone: +91 80 4093 6921