Nokia continues to feel heat after 11% Q2 revenue dip

The Finnish kit vendor, which acquired Alcatel-Lucent for $15.6 billion last year, posted net sales of €5.7 billion for the last quarter, an 11% decline Year on Year considering historical results of the two companies combined. That percentage decline could be slightly misleading considering Nokia’s recent cost-cutting exercises to remove overlapping products, services and teams from its portfolios; so while the numbers look bad on the face of things the reality is that the combined entity’s numbers would never quite reach the heights each company saw individually prior to the merge.


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