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@ 2016/02/11Former rubber wear maker Nokia reported better than expected profits for its telecom network equipment business but warned that its Chinese business might be a bit slow this year.
Nokia’s network gear business, which accounts for more than 90 percent of its stand-alone sales, reported fourth-quarter operating profit margin of 14.6 percent, compared with 14 percent a year earlier.
Net sales for the Nokia group decreased three percent in constant currency terms to $4.08 billion, it said.
Nokia last month started to combine its operations with Alcatel-Lucent, and this week it said it holds 91 percent of Alcatel shares.
Alcatel-Lucent said in a statement that its fourth-quarter adjusted operating profit grew to $632.86 million helped by stronger sales at the end of the year, notably in software.
Revenue over the period rose 13 percent to $7.70 billion.
Nokia’s network gear business, which accounts for more than 90 percent of its stand-alone sales, reported fourth-quarter operating profit margin of 14.6 percent, compared with 14 percent a year earlier.
Net sales for the Nokia group decreased three percent in constant currency terms to $4.08 billion, it said.
Nokia last month started to combine its operations with Alcatel-Lucent, and this week it said it holds 91 percent of Alcatel shares.
Alcatel-Lucent said in a statement that its fourth-quarter adjusted operating profit grew to $632.86 million helped by stronger sales at the end of the year, notably in software.
Revenue over the period rose 13 percent to $7.70 billion.
