Company Overview of Nokia Corporation
Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies. The Mobile Broadband offers network solutions for mobile voice and data services through its Radio and Core clusters for mobile operators. The Global Services segment offers various services for mobile operators, such as network implementation services to build, expand, or modernize communications network; undertaking software and hardware maintenance, ...
PO Box 226
Founded in 1865
Key Executives for Nokia Corporation
Chief Executive Officer and President
Total Annual Compensation: $2.7M
Chief Financial Officer
Total Annual Compensation: $1.6M
President of Mobile Networks
Total Annual Compensation: $1.3M
President of Nokia Technologies
Total Annual Compensation: $328.5K
Compensation as of Fiscal Year 2014.
Nokia Corporation Key Developments
Nokia Unveils Two Analytics Capabilities to Predict Network Capacity Needs
Feb 11 16
Nokia has announced that it is introducing two separate analytics capabilities to predict network capacity needs and to protect IPTV service quality. Capacity Advisor for Nokia Performance Manager (NPM) analyzes past and present network use data to predict the network capacity operators will need to keep up with growth in service usage when launching a service or marketing campaign. Operators can create 'what-if' scenarios to identify capacity bottlenecks and plan capacity upgrades in the right locations at the right time without disrupting the customer experience. Nokia Service Quality Manager (SQM) for IPTV lets operators rapidly identify and fix IPTV service issues 50 % more quickly to halve the number of service-related customer complaints. Operators can see on one dashboard the quality of the IPTV service they are delivering and automatically prioritize corrective actions and avoid unnecessary site visits. Capacity Advisor for NPM utilizes the historical network data to help operators prepare for the future network capacity needs. NPM combines capacity reports and predictions in one tool and applies automated workflows, rules and recommendations for capacity optimization. NPM geographical visualization helps operators easily pinpoint problematic regions and check capacity using intuitive map controls. SQM for IPTV uses real-time automated tools and prioritizes corrective actions when the customer experience or the operator's business is affected, which results in up to 20 % fewer site visits.
Nokia Announces Nokia AVA
Feb 11 16
Nokia has announced Nokia AVA, its new cloud-based platform that combines big data storage, intelligent analytics and extreme automation, allowing operators to move away from traditional reactive network operations to a cognitive approach that predicts and solves faults. As well as delivering today's expert services, AVA will facilitate a more efficient and faster delivery of Nokia services across the entire network lifecycle. This means Care services, Network implementation, Network Planning and Optimization and Managed Services are supported, with more to come as Nokia continues to move towards cloud-based delivery of services, artificial intelligence and contextualized delivery. AVA ensures low latency, high throughput and extreme resilience of the network. These elements will be key to support operators explore new business areas in the connected world. The first services have already been delivered over the platform. Nokia AVA supports a wide range of multi-vendor equipment using a common set of KPIs cutting across the different vendors in the market. It includes a centralized big data collection and storage processing layer, supported by machine learning methodology, which gathers data from sensors in network elements and OSS. Strong commitment to security and data privacy standards is incorporated as part of this process Secure, cloud based delivery ensures fast commissioning and decommissioning of services which speeds up delivery from weeks to hours. Using this platform, root causes of anomalies, can be found 93% faster. Predictive Optimization reduces inter-system handovers by 20% and boosts data throughput by 37%.
Nokia Corporation to Proposes Cash Dividend and Special Dividend for 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Impairment Charges for the Fourth Quarter of 2015
Feb 11 16
The Board of Directors of Nokia Corporation will proposed a dividend of EUR 0.16 per share for 2015 and a special dividend of EUR 0.10 per share (dividend of EUR 0.14 per share for 2014). Proposed dividend is estimated to result in a maximum payout of approximately EUR 960 million in dividend and EUR 600 million in special dividend.
The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net sales of EUR 3,609 million against EUR 3,510 million a year ago. Operating profit (non-IFRS) was EUR 734 million against EUR 503 million a year ago. Profit before tax was EUR 615 million against EUR 421 million a year ago. Profit (non-IFRS) was EUR 575 million or EUR 0.15 per diluted share against EUR 331 million or EUR 0.09 per diluted share a year ago. Profit was EUR 499 million or EUR 0.13 per diluted share against EUR 325 million or EUR 0.08 per diluted share a year ago. Profit attributable to equity holders of the parent was EUR 1,790 million or EUR 0.45 per diluted share against EUR 443 million or EUR 0.11 per diluted share a year ago. The sequential increase in Nokia's continuing operations net sales in the fourth quarter 2015 was primarily due to growth in both Nokia Networks and Nokia Technologies. Net cash from operating activities was EUR 460 million against EUR 224 million a year ago. Capital expenditures were EUR 92 million against EUR 92 million a year ago.
For the year, the company reported net sales of EUR 12,499 million against EUR 11,763 million a year ago. Operating profit (non-IFRS) was EUR 1,949 million against EUR 1,600 million a year ago. Profit before tax was EUR 1,540 million against EUR 999 million a year ago. Profit (non-IFRS) was EUR 1,392 million or EUR 0.36 per diluted share against EUR 1,058 million or EUR 0.27 per diluted share a year ago. Profit was EUR 1,194 million or EUR 0.31 per diluted share against EUR 2,718 million or EUR 0.67 per diluted share a year ago. Profit attributable to equity holders of the parent was EUR 2,466 million or EUR 0.63 per diluted share against EUR 3,462 million or EUR 0.85 per diluted share a year ago. The year-on-year increase in Nokia's continuing operations net sales in the fourth quarter 2015 was primarily due to growth in Nokia Technologies, partially offset by lower net sales in Nokia Networks. Nokia's continuing operations non-IFRS operating profit increased 46% year-on-year in the fourth quarter 2015, primarily due to higher non-IFRS operating profit in Nokia Technologies, partially offset by higher non-IFRS operating loss in Group Common Functions. Net cash from operating activities was EUR 507 million against EUR 1,275 million a year ago. Capital expenditures were EUR 314 million against EUR 311 million a year ago.
For the quarter, the company reported Impairment charges of EUR 7 million compared to EUR 59 million a year ago.
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