Nokia's turnover and returns grew significantly in the second quarter of 2015. Between April and June the company's turnover was 3.2 billion euros and its return 352 million euros. In comparison with the same time lat year the figures represent a quote of 9 percent – and the returns are a definite upturn from last year's springtime losses.
In the Nokia interim report CEO Rajeev Suri says he is pleased with his company's financial performance so far this year.
"Software sales were up significantly; core networking sales improved; we saw a reduced impact of strategic entry deals; Global Services had one of its best quarters in the history of the company; and costs remained well under control," Suri says in Nokia's Q2 report. "We will remain highly focused on reducing costs and improving efficiency in order to mitigate the impact of market conditions".
Every unit up
It was a sunny spring for all of Nokia's business units, as Nokia Networks, the HERE map service and Nokia Technologies all reported positive returns.
Compared with last year's figures from the same period Nokia Networks improved their turnover in the second quarter by 6 percent, to 2.7 billion euros, and their returns (not adjusted for International Financial Reporting Standards) grew by 11 percent, to 313 million euros.
HERE grew by as much as 25 percent, to 290 million euros. The map unit's returns (not adjusted) were 27 million euros higher than last year's Q2 nil result.
Nokia Technologies improved its turnover by 31 percent, while its returns grew by 17 percent.
Where is HERE?
Nokia is negotiating the sale of its HERE map service. Suri, however, did not offer concrete plans on or following the potential sale in the company's interim report.
"HERE continued to deliver well, again showing year-on-year sales and profitability growth," said Suri. "Our strategic review of that business is now in an advanced stage, and I would like to reiterate that our focus is on what is in the best interests of our shareholders and the long term future of HERE."