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Nokia: Q4 Profit of $585 Million – 4.4 Million Windows Phones Sold

January 24, 2013 1 Comment

Nokia has announced its 2012 fourth quarter earnings today and it boasts good news for the Finnish company and the Windows Phone ecosystem. Nokia racked up $585.7 million of 4Q profit on $10.73 Billion revenue.

Fourth quarter 2012 highlights:
Nokia Group non-IFRS EPS in Q4 2012 was EUR 0.06; reported EPS was EUR 0.05.

  • Nokia Group achieves underlying operating profitability, with Q4 non-IFRS operating margin of 7.9%.
  • Nokia Group strengthened its net cash position by approximately EUR 800 million
  • sequentially, of which approximately EUR 650 million was generated by Nokia Siemens Networks.
  • Devices & Services Q4 non-IFRS operating margin improved quarter-on-quarter to 1.3%, due to an increase in gross margin as well as a decrease in operating expenses.
  • Nokia Siemens Networks non-IFRS operating margin improved quarter-on-quarter and year-on-year to a 14.4% in Q4, the highest level of underlying operating profitability since its formation in April 2007, primarily due to an increase in gross margin.

I guess that the 4.4 Million Windows Phones that Nokia sold late last year really helped put the company back on the black.

Very good signs of things to come.


Source: Nokia

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