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Nokia’s network margins seen falling in second-quarter: Reuters poll

21
Jul
2014

HELSINKI (Reuters) – Nokia is expected to report profit margin at its core networks business fell to 7.7 percent in the second quarter from 9.3 percent in the first quarter as a result of weaker software sales, a Reuters poll of analysts showed. On Friday, Nokias bigger rival Ericsson posted stronger-than-expected results on the back of strong sales in North America. Nokia in April closed the deal to sell its former flagship phone business to Microsoft, and named Rajeev Suri, previously the head of the networks arm, as the new group chief executive. …

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