The last quarter ended for the Nokia another loss
The company of Nokia reported for the first quarter of the 2017 financial year. The manufacturer noted the relatively weak performance due to seasonal factor.
Revenue for the quarter amounted to 5.38 billion euros, which is 2% less than the same quarter last year. The lion’s share of this amount earned division Nokia Networks business: 4.9 billion euros, which is 6% lower than a year earlier.
The division of Nokia Technologies brought to the company of 247 million euros, having increased by 25%. This is the largest increase in annual terms among the units Nokia in the last quarter.
However, the reporting period still ended with a loss of $ 473 million Euro, which replaced last year’s net loss of € 623 million.