Nokia Earnings Preview: Networks Revenues To Drive Growth, May See Pressure On Bottom Line

We expect its overall operational sales to improve year-over-year (y-o-y) on account of strong Networks sales, which contribute about 90% of total revenues. The company has built a strong pipeline of orders on a number of contract wins in the U.S, Europe, India and China, with carriers such as T-Mobile, Sprint, China Mobile, China Telecom, Vodafone, Bharti Airtel and Mobily increasing their network spending. In the previous quarter, Networks sales increased by 15% y-o-y on a constant currency ba...