Nokia first-quarter net profit of 344 million euros

Nokia today released the fiscal 2011 first quarter results.
Net revenues of 10.399 billion euros (about US $ 152.25) and 9.522 billion euros over the same period last year; operating profit of 439 million euros, compared to 488 million euros, and diluted earnings per share EUR 0.09, with the same period last year was flat;a net profit of 344 million euros (about US $ 499 million).

The first quarter, Nokia device and the service sector revenues 7.087 billion euros, 68% per cent of total revenues. NAVTEQ revenues of EUR 232 million, total revenues of 2%. Nokia Siemens Networks company revenues 3.171 billion euros, 30% per cent of total revenues. Equipment and services sector in the third quarter net revenue will be flat in the second quarter, and IV quarter net revenue will be higher than the third quarter. With the 2010 euro compared to the operating expenses of Nokia 2013 fiscal year operating expense the equipment and services sector is expected to be reduced at least 1 billion euros. Second quarter net sales of Nokia Siemens Networks company this year will amount to EUR 3.2 billion to 3.5 billion euros. Nokia Siemens Networks company’s operating margin in the second quarter of this year will reach 1% per cent. Nokia Siemens Networks company 2011 operating your gains will be higher than the industry average. Compared with 2009, Nokia Siemens Networks company 2011 operating expenses and the cost of production will be reduced by 500 million euros. (SINA technology)

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Tags: euros, firstquarter, million, Nokia, profit