Nokia Networks today said its net sales rose 15 percent in Q1 2015 to 2,673 million euros or $2,986 million — driven by growth in four out of six regions.
Operating margin declined to 3.2 percent from 9.3 percent.
Nokia Networks today said Global Services grew 21 percent to 1,291 million euros — primarily fuelled by growth in the network implementation business line. The Finnish telecom network company achieved 10 percent growth in Mobile Broadband net sales to 1,381 million euros, primarily driven by overall radio technologies, particularly LTE.
But Nokia Networks sales fell 21 percent on quarter on quarter basis. The sequential decline in the mobile broadband business of Nokia Networks was 22 percent, while global services dipped 18 percent.
23 percent of Nokia Networks sales came from Europe, 9 percent from Middle East and Africa, 9 percent from Greater China, 33 percent from Asia Pacific, 14 percent from North America and 7 percent from Latin America.
Rajeev Suri, president and CEO of Nokia, said: “Nokia delivered a 20 percent increase in net sales and 25 percent increase in earnings per share in the first quarter. Underlying these results was excellent performance from HERE and Nokia Technologies, while good growth at Nokia Networks was offset by unsatisfactory profitability.”