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Nokia: $585 million operating profit in Q4. Ends 2012 with a net cash of $5.86 billion.

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Nokia has finally made the Q4 and Yearly results public. In Q4 2012, Nokia has managed to generate $585 million operating profit, in which NSN’s super strong performance has made largest contribution. Best part is Nokia has ended the quarter and 2012 with a net cash reserve of $5.86 billion, which should allay fears of cash burn-out with Lumia production ramp up. Other highlights from the report,

  • 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.

You can read the full report here.

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Nayan

Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long.

He currently sports a Lumia 950 XL and Nexus 5X. Other interests include listening to Nu-Metal Hits and Kick-Boxing.
Write to him at Email: [email protected]

http://www.nokiapoweruser.com
  • ratata

    Was hoping for better results today to sell portion of the stock (need to eat), but now will have to wait until Q1 2013

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