Nokia said its revenue rose 5 percent to 5.348 billion euros with 40.6 percent margin during the first quarter of 2022.
Nokia has generated first quarter revenue of 2.268 billion euro (nil growth) from Mobile Networks, 1.974 billion euro (+14 percent) from Network Infrastructure, 736 million euro (+9 percent) from Cloud and Network Services and 306 million euro (–16 percent) from Nokia Technologies.
Nokia CEO Pekka Lundmark said: “Though supply chain constraints continue to impact our growth, we delivered 1 percent constant currency net sales growth in Q1. Our comparable operating margin was stable at 10.9 percent as strong underlying improvements in profitability were offset by rising R&D investment and lower other operating income.”
Nokia has generated first quarter revenue of 676 million euro (+16 percent) from Asia Pacific, 1513 million euro (+3 percent) from Europe, 405 million euro (+1 percent) from China, 200 million euro (– 19 percent) from India, 246 million euro (–16 percent) from Latin America, 467 million euro (+13 percent) from the Middle East and Africa, and 1840 million euro (+11 percent) from North America.
Nokia India’s poor business performance was due to the delay in making investment in networks in India on account of the anticipation of telecom operators for 5G business. India will start selling 5G spectrum during the middle of the current year.
Nokia has generated first quarter revenue of 4373 million euro (+7 percent) from CSPs, 343 million euro (–3 percent) from enterprises, 306 million euro (–16 percent) from Licensees and 325 million euro (+25 percent) from other areas including Submarine business.
The Finland-based mobile network and software supplier also affirmed its full-year net sales outlook of between 22.9 billion euros and 24.1 billion euros on constant currency basis.
Earlier in the month, Nokia announced a pullout from Russia that would lead to a provision of 100 million euros, but retained its full-year outlook.