Friday, May 24, 2013
Nokia Has A Profitable Quarter With 585 Million In Profit Breaking The Curse

"We are very encouraged that our team’s execution against our business strategy has started to translate into financial results.Most notably we are pleased that Nokia Group reached underlying operating profitability in the fourth quarter and for the full year 2012. While the first half of 2012 was difficult for Nokia Group, in Q4 2012 we strengthened our financial position, improved our underlying operating margin in Devices & Services, introduced the HERE brand to expand our mapping and location experiences, and drove record profitability in Nokia Siemens Networks.We remain focused on moving through our transition, which includes continuing to improve our product competitiveness, accelerate the way we operate and manage our costs effectively.All of these efforts are aimed at improving our financial performance and delivering more value to our shareholders."Nokia CEO Stephen ElopSource: TheVerge & WSJ
Subscribe to our blog for up to date tech content or you can follow us on Twitter, add us to your circles in Google+, & like our Facebook page to be updated with the latest tech content. Samsung Galaxy S IV News & Rumors. Tip us about something we are not aware of
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment