Nokia Earnings: Revenues Fall But Operating Income Surges
Nokia’s Q1 net revenue fell 9%, mainly due to greater-than-expected weakness in the wireless infrastructure market and the absence of non-recurring adjustments to accrued net sales from existing contracts, revenue share related to previously divested intellectual property rights (IPR), and IPR divestments.
Operating income, on the other hand, increased 25% due to an improvement in gross margins and lower research and development expenses.
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Have more questions about Nokia? See the links below:
- What Is Nokia’s Revenue & Net Income Breakdown In Terms of Different Segments?
- How Has Nokia’s Revenue & Cash Profit Composition Changed In The Last Five Years?
- By How Much Have Nokia’s Revenue & EBITDA Changed In The Last Five Years?
Notes:
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2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Nokia
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