Shares of Nokia are becoming cheaper against the background of telecom business uncertainty

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POSTER: computer news   ||   SHARES OF NOKIA ARE BECOMING CHEAPER AGAINST THE BACKGROUND OF TELECOM BUSINESS UNCERTAINTY	DATE:2016-05-11
Quarterly report of the Finnish telecommunications equipment manufacturer - Nokia company  - disappointed market analysts.  Quarterly revenue and company profits were lower than expected.  Beyond that, the company management at the conference could not clearly tell you about long-term plans for the development of business for the supply of network equipment.  So far, it all comes down to business optimization, which means massive layoffs of personnel around the world. For example, in Germany, the staff will be reduced by 1,400 people, and in Finland fired 1300 employees.  All this promises to save for Nokia about 900 million Euros until 2018.  Nokia,  in January this year bought Franco-American telecommunications equipment manufacturer - the company Alcatel-Lucent. So that all Nokia problems  is now fully share his former rival. For Ericsson company  - things are not much better.  The first quarter 2016 for Ericsson was the sixth consecutive quarter of sequential decline in revenue. During the year, Nokia quarterly revenue from the sale of telecommunications equipment declined by 8% to 5.18 billion. Euros (analysts had expected revenue of EUR 5.51 billion.).  The largest market for Nokia in North America has reduced the flow of money into the coffers of the company by 17%, the Middle East market has brought 11% less money,  Asia-Pacific region and China have reduced revenues by 5% and 6% respectively.  Latin American market is the only one who increased revenues - by 6%.  The decline in sales in the company explain the pent-up demand that has emerged on the background absorption Alcatel-Lucent company's customer expectations.  Absorption took place in January, at that Nokia spent 15.6 billion Euro.   Total quarterly revenues of Nokia for the reported period amounted to 5.499 billion. Euro.  This amount includes the Alcatel-Lucent performance, so it is significantly higher than the year-ago quarter, when Nokia has gained 2.935 billion. Euro.  Net loss for the period amounted to 513 million. Euro.  A year ago, the company reported net income of $ 177 million. Euro. Related Products :

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