Nokia posts flat Q2 as N. America sales declines, trims guidance
Nokia reported Q2 net sales of EUR 5.710 billion, flat yoy in constant currency, as gross margin declined to 38.8% due to regional mix…
A journal for networking and telecoms
A journal for networking and telecoms
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Following earnings, leadership changes, acquisitions, divestitures, funding, partnerships and capital allocation across networking, telecom, cloud and AI infrastructure.
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Converge Digest tracks the business decisions that determine how infrastructure markets evolve. Coverage includes quarterly results, guidance, executive transitions, mergers and acquisitions, venture funding, restructuring, strategic partnerships, manufacturing investment and the capital programs behind new network and compute capacity.
Revenue, margins, guidance, backlog, capital expenditure and segment trends.
Latest reporting ↓02Acquisitions, divestitures, integrations and portfolio restructuring.
Latest reporting ↓03CEO and board transitions, organizational changes and operating priorities.
Latest reporting ↓04Funding rounds, strategic investments, joint ventures and ecosystem agreements.
Latest reporting ↓Latest reporting
Nokia reported Q2 net sales of EUR 5.710 billion, flat yoy in constant currency, as gross margin declined to 38.8% due to regional mix…
RAD announce the appointment of Avi Levin as its new Chief Financial Officer (CFO), replacing Nitza Lifshitz, who has retired after serving as RAD’s…
Citing a sharp decline in sales in North America, Ericsson reported Q2 revenue SEK 64.4 billion, down 9% compared to a year earlier. Segment…
Citing weaker demand due tp both the macro-economic environment and customers’ inventory digestion, Nokia lowered its financial outlook based on preliminary Q2 results, saying…
Citing unexpected reductions in service demand, TELUS International released a preliminary summary of financial results for the quarter ended June 30, 2023, and revised…
Unite Private Networks (UPN) announced a network expansion into Yuma, Arizona, adding 70 miles of new, high-count fiber-optic infrastructure. The company estimates over 2,450…
Fortress Solutions, a provider of critical infrastructure management and support services, announced the appointment Scott Mair to its Board of Directors. Recently retiring after…
Casa Systems named Michael Glickman as its new President and Chief Executive Officer, succeeding interim CEO and current CFO Ed Durkin, and former CEO…
Ekinops reported consolidated revenue of €39.2m in Q2 2023, up +10% Y-o-Y. As a reminder, Q2 2022 recorded strong growth of +29%. This year’s…
DZS has appointed Daniel Won Chief Operating Officer for Asia and Gunter Reiss Chief Customer Officer for the Americas, Europe, Middle East and Africa…
Celestial AI, a start-up developing an optical interconnect for disaggregated, exascale compute and memory clusters, appointed Bethany Mayer to its Company’s Board of Directors. Ms.…
Ooredoo Qatar, in collaboration with Nokia, carried its first data call in 5G SA mode in the capital city of Doha. Nokia AirFrame servers,…
Ribbon Communications appointed Joni Roberts as Chief Marketing Officer, SVP, reporting to Chief Executive Officer Bruce McClelland. Ms. Roberts previously served as Vice President…
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