Nokia Corp. (NYSE: NOK) reported Q2 EPS of EUR0.06, versus EUR0.05 reported last year. Revenue for the quarter came in at EUR2.9 billion, versus EUR3.2 billion reported last year.

Nokia Networks
- In Q2 2014, Nokia Networks achieved strong underlying operating profitability with non-IFRS operating profit of
EUR 281 million, or 11.0% of net sales, compared to EUR 328 million, or 11.8% of net sales, in Q2 2013. The
strong level of profitability for Nokia Networks in Q2 2014 and Q2 2013 was primarily due to operational efficiency
which benefitted both gross margin and operating profit.
- Nokia Networks net sales in Q2 2014 were EUR 2.6 billion, compared to EUR 2.8 billion in Q2 2013.
- Excluding foreign currency fluctuations and the divestments of businesses not consistent with its strategic focus,
as well as the exiting of certain customer contracts and countries, Nokia Networks net sales would have increased
1% year-on-year.
HERE
- HERE net sales in Q2 2014 were approximately flat on a year-on-year basis. Excluding foreign currency
fluctuations, HERE net sales in Q2 2014 would have increased 2% year-on-year.
- In Q2 2014, HERE sold map data licenses for the embedded navigation systems of 3.3 million new vehicles
globally, compared to 2.7 million vehicles in Q2 2013.
- HERE continued to focus on investing in longer term transformational growth opportunities, and announced the
acquisitions of Medio and Desti.
Nokia Technologies
- Nokia Technologies net sales increased sequentially in Q2 2014, primarily due to Microsoft becoming a more
significant intellectual property licensee in conjunction with the sale of substantially all of the Devices & Services
business to Microsoft.

For earnings history and earnings-related data on Nokia Corp. (NOK) click here.