Strong sales of the company's Windows Phone-based Lumia products and effective cost-cutting measures result in a small operating profit for their mobile phone unit.
A strong earnings report from Nokia has triggered a surge in the company's stock this morning, according to a Bloomberg report.
The company had predicted an operating loss of as much as 10% of sales, but now reports earnings of break-even to as much as 2%. The numbers result both from strong cost-cutting moves by the company, which eliminated more than 20,000 jobs and closed production and research sites, and strong sales of the company's Windows Phone-based Lumia phones.
Bloomberg quotes Robert Jakobsen, a Jyske Bank A/S analyst in Silkeborg, Denmark, as saying "this clearly shows Nokia is making good progress with consumers..."
Server Market SplitsvilleJust because the server market's in the doldrums doesn't mean innovation has ceased. Far from it -- server technology is enjoying the biggest renaissance since the dawn of x86 systems. But the primary driver is now service providers, not enterprises.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
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