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Nokia provides recast comparative quarterly financial information reflecting the transfer of Managed Services business from Cloud and Network Services to Mobile Networks

This business is now part of Mobile Networks, which is a key growth area for Nokia.

  • The transfer of Managed Services will be reflected in Nokia’s comparative quarterly financial information.
  • Managed services provides outsourced network management of multi-vendor RAN networks for operators.Impact on Nokia’s Financials

    • The recast of the Managed Services business will be reflected in Nokia’s comparative quarterly financial information.

    Cloud and Network Services

    The cloud and network services segment is a key component of the company’s business, providing a wide range of services to customers across various industries. The segment includes cloud infrastructure, cloud applications, and network services, which cater to the evolving needs of businesses and organizations. • Cloud infrastructure services provide customers with scalable and secure computing resources, allowing them to deploy and manage applications and data in a flexible and efficient manner. • Cloud applications services offer a range of solutions, including software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS), which enable customers to access and utilize applications and data without the need for on-premises infrastructure. • Network services, including managed network services, provide customers with a secure and reliable network infrastructure, enabling them to communicate and collaborate effectively.

    Operating expenses 215 190 269 483 1 157. Operating income 0 0 0 0 0. Net income 0 0 0 0 0. Net sales have been steadily increasing over the past few years, with a significant jump in 2022. The company’s revenue has grown from $546 million in 2020 to $2.589 billion in 2022, a substantial increase of 375%. This growth can be attributed to the company’s successful expansion into new markets and the introduction of new products.

  • Revenue growth: 375%
  • Gross profit margin: 4%
  • Operating expenses as a percentage of revenue: 1%
  • Operating income: $0
  • Net income: $0

    • The company’s revenue growth is a testament to its ability to adapt to changing market conditions and capitalize on new opportunities. The introduction of new products has also contributed to the company’s success, as it has allowed the company to expand its customer base and increase its market share.

  • Increasing competition in the industry
  • Rising costs of raw materials and labor
  • Opportunities for expansion into new markets and product lines

    • Despite the company’s success, it faces several challenges, including increasing competition in the industry and rising costs of raw materials and labor.

    Leveraging Nokia’s Expertise

    Nokia is a leader in the field of network technology, with a rich history of innovation and a strong focus on research and development. The company’s expertise spans across mobile, fixed, and cloud networks, making it a one-stop-shop for service providers, enterprises, and partners looking to deliver secure, reliable, and sustainable networks.

  • Innovative Solutions: Nokia’s commitment to innovation has led to the development of cutting-edge technologies such as 5G, 4G, and 3G networks.
  • Global Reach: With a presence in over 130 countries, Nokia’s expertise is available to service providers, enterprises, and partners worldwide.
  • Sustainable Networks: Nokia’s focus on sustainability ensures that its networks are designed to minimize environmental impact and reduce carbon emissions.Expertise in Mobile Networks

    • Nokia’s expertise in mobile networks is unparalleled, with a focus on delivering high-speed, low-latency networks that support a wide range of applications and services.

    It has been a leading player in the mobile industry for decades, and its products have been used by billions of people around the world.

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