For Nokia Siemens Networks, 2009 will go down in the company's history as a year of missed opportunities and disappointments, and its 2009 total revenues reflects those misteps.
The company's total revenues for 2009 were $17.6 billion, an almost 18 percent decline over 2008. NSN's loss is much steeper than rival Ericsson, who reported that yearly earnings declined only 9 percent to $28.6 billion.
In addition to suffering top line losses in 2009, NSN reported $2.3 billion in operating losses, the majority of which were reported in Q3 due to goodwill impairment charges.
Despite the losses, NSN did report $23.8 million in Q4 09 operating profit as well as beating out Huawei for TeliaSonera's LTE rollout. What's more, NSN's professional services unit continued to do well in Q4. During the fourth quarter, the unit generated $2.38 billion or about 47 percent of that quarter's revenue of $5.08 billion.
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- LightReadingEurope has this article
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