Nokia CEO Pekka Lundmark was bullish in his outlook for 2023, stating the Finnish vendor is expecting another year of growth due to high demand, after it was buoyed by a rise in revenue in Q4 2022 on the back of gains across its business.
Net sales grew 16 per cent year-on-year to €7.4 billion, with its network infrastructure unit growing 14 per cent due to acceleration in optical networks and IP.
Mobile networks grew 3 per cent, due to a “meaningful shift in regional mix”, as business in India grew on the back of 5G rollouts, while cloud and network services grew 5 per cent.
The biggest revenue rise came in its technologies division, which grew 82 per cent as a “long-term licensee exercised an option”. Enterprise sales were also strong, growing 49 per cent.
Net profit grew 364 per cent to €3.2 billion.
Lundmark hailed the company for successfully “navigating…
