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July 30, 2015

Today’s revenue round-up: 4 financials from key industry players

Find out how Alcatel-Lucent, Telefónica, Nokia, Sony did in their quarterly financial results.

By Alexander Sword

Today’s been a busy day for tech financial results; CBR has rounded up some of the highlights from international players.

1. Alcatel-Lucent

Alcatel-Lucent, reporting its second quarter results, saw its revenues up to €3.45 billion, representing a 5 percent change year-on-year. At constant currencies, revenues fell 9 percent.

Overall, gross profit rose 12.5 percent from €1.068 billion to €1.202 billion; this figure now constitutes 34.8 percent of revenue compared to 32.6 percent.

Michel Combes, CEO of Alcatel-Lucent, said: "Our second quarter 2015 results represent a significant milestone for Alcatel-Lucent, reflecting the first Q2 of free cash flow generation since the merger of Alcatel and Lucent in 2006."

 

2. Telefónica

Reporting its Q2 and H1 results, Telefónica announced revenues of €11,876, a reported improvement of 12.4 percent for the quarter. For the half year, the telecoms provider announced revenues of €23.419 billion.

The Spanish telecoms giant also saw its profit rise to €3.693 billion. Telefónica upped its revenue growth guidance for the full year to >9.5 percent from >7 percent.

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César Alierta, Telefonica CEO underlined "the strong recovery in the Spanish business which in May and June reached revenue stabilisation for the first time since December 2009".

 

3. Nokia

Nokia saw all of its businesses reporting revenue growth, with Networks up 6 percent, Here up 25 percent and Technologies up 31 percent. In total the company reported sales of €3.209 billion, a 9 percent year-on-year change.

Operating profit rose 51 percent to €521 million, with Nokia Networks growing 11 percent to €313 million.

"I am particularly pleased by Nokia Networks, which delivered improved performance overall, despite a year-on-year decline in net sales on a constant currency basis," said Nokia CEO, Rajeev Suri.

4. Sony

Sony, announcing its Q1 results for the April-June period, reported revenues of $14.82 billion, a 0.1 percent decline in yen terms.

Operating profit rose 39 percent to $780.8 million, while operating income reached $90 million.

Sales in the mobile division decreased 16.3 percent year-on-year to $2.299 billion, while televisions business fell 17.6 percent year-on-year to $1.385 billion. However, sales in the electronics and components market rose 35.1 percent year-on-year to $1.95 billion due to demand for image sensors.

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