Nokia CEO Rajeev Suri was crystal clear in an earnings call this week that the first quarter of 2019 was weak, but the network infrastructure vendor is sticking to its full-year guidance based on the expectation that 5G will deliver in the second-half of the year.
Suri made three primary points. Several business units are performing “very well;” the company knows why Q1 was soft; and “While we do see certain risks increasing, there are opportunities as well.”
To the second point: “Why the poor quarter and why do we expect both top-line and profitability to improve significantly as the year progresses?
