Nokia recast result shows $30 bn revenue, slightly below Ericsson

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Nokia said it’s a EUR 26.6 billion or $30.06 billion technology company — based on 2015 revenue — following the acquisition of Alcatel-Lucent.

The recast revenue of Nokia indicates that its rival Ericsson is still ahead of the Finnish technology major in terms of revenue in 2015.

The revenue of Nokia alone in 2015 was EUR 12,499 million or $14.12 billion.

For comparison, revenue of Ericsson in 2015 was SEK 246.9 billion or $30.36 billion.

The Finnish technology major has shared recast segment results for 2015 reflecting the company’s new financial reporting and organizational structure and the addition of Alcatel-Lucent.

Nokia generated revenue of EUR 18,079 million from Ultra Broadband Networks, EUR 6,555 million from IP Networks and Applications, EUR 24,634 million from networks business, EUR 1,074 million from Nokia Technologies and EUR 921 million from other areas in 2015.

Nokia’s spending on research and development was EUR 2,655 million in Ultra Broadband Networks, EUR 1,258 million in IP Networks and Applications, EUR 3,914 million in networks business, EUR 270 million in Nokia Technologies and EUR 284 million in other areas in 2015.

Under Ultra Broadband Networks business, Nokia’s Mobile Networks sales were EUR 15 694 million, Fixed Networks sales were EUR 2 385 million.

Under IP Networks and Applications business, Nokia generated EUR 3 211 million from IP Networks, EUR 1 584 million from Optical Networks and EUR 1 760 million from Applications & Analytics.

As part of networks business, Nokia generated sales revenue of EUR 9 026 million.

Nokia’s Ultra Broadband Networks includes Mobile Networks and Fixed Networks business groups.

Mobile Networks business group offers mobile networking solutions comprising hardware, software and services for telecommunications operators, enterprises and related markets/verticals such as public safety and Internet of Things (IoT).

The Fixed Networks business group provides copper and fiber access products, solutions, and services.

Nokia’s IP Networks and Applications includes IP/Optical Networks and Applications & Analytics business groups.

The IP/Optical Networks business group provides the key IP routing and optical transport systems, software and services to build high capacity network infrastructure for the internet and global connectivity.

The Applications & Analytics business group offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, IoT, security, and analytics platforms.

Competition among Nokia, Ericsson, ZTE and Huawei will continue to show their supremacy in the technology world fuelled by innovation.

Baburajan K
[email protected]