Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Nokia posts better than expected quarterly profits; network business still declining
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Tech
  • News & Analysis
  • Nokia posts better than expected quarterly profits; network business still declining

Nokia posts better than expected quarterly profits; network business still declining

Reuters • February 1, 2018, 14:25:18 IST
Whatsapp Facebook Twitter

Nokia’s fourth-quarter group earnings before interest and taxes (EBIT) increased 7 percent from a year ago to 1.0 billion euros.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Nokia posts better than expected quarterly profits; network business still declining

Nokia posted better-than-expected quarterly profits on Thursday, boosted by a one-off patent payment from China’s Huawei, but said its network business was set for another year of decline, despite promising North American sales. [caption id=“attachment_4269719” align=“alignleft” width=“380”]Nokia. Reuters. Nokia. Reuters.[/caption] The mobile industry, dominated by Huawei, Nokia and Sweden’s Ericsson, is weathering the toughest part of a decade-long cycle as demand for 4G gear falls, while spending on new, mass-market **5G networks** are unlikely before 2019 or 2020. Nokia’s fourth-quarter group earnings before interest and taxes (EBIT) increased 7 percent from a year ago to 1.0 billion euros ($1.2 billion), well above analysts’ average forecast of 888 million euros in a Reuters poll. However, the profits were boosted by a one-off patent payment of 210 million euros and operating profit from the networks business fell 25 percent year-on-year. Chief Executive Rajeev Suri said that while Nokia’s network sales would remain weak this year, a potential rebound of spending by operators in North America could lessen the decline. “For 2019 and 2020, we expect market conditions to improve markedly, driven by full-scale rollouts of 5G networks,” Suri said in a statement. He said investments in 5G would weigh on the networks unit’s profitability this year, and forecast an operating margin of 6-9 percent for 2018 and 9-12 percent for 2020, compared to 8.3 percent in 2017. “The outlook is a bit confusing… Looks like they want to shed some light on the long-term because investors are so focused on current challenges,” said Mikael Rautanen, analyst at Inderes Equity Research, with a “buy” rating on the stock. “They had a better quarter in networks than Ericsson, but its the same story for the outlook.” Ericsson on Wednesday reported its fifth straight quarter of losses. Nokia has coped with the downturn better than Ericsson thanks to its 2016 acquisition of Alcatel-Lucent, which broadened its portfolio and helped develop new products, including broadband equipment, fast traffic routers and high-capacity chipsets.

Tags
Nokia NewsTracker Huawei Ericsson Alcatel Lucent 5G networks
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV