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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Oyj    NOKIA   FI0009000681

NOKIA OYJ

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Nokia Oyj : Migrates Data Centers, Servers to Google Cloud

10/14/2020 | 09:36am EST

By Dominic Chopping

Nokia Corp. said Wednesday that it has signed a deal to migrate its global data centers, servers and various software applications onto Google Cloud.

The deal reflects Nokia's operational shift to a cloud-first IT strategy and its efforts to strengthen digital operations, Nokia said in a statement.

The network equipment vendor expects the deal to drive operational efficiencies and cost savings, as real estate, energy consumption, and hardware capacity purchasing needs are reduced.

Financial details weren't disclosed, but Nokia said the collaboration will run for five years. Deployment of the migration has already started and is expected to extend over 18 to 24 months.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-14-20 0935ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.30% 1787.02 Delayed Quote.33.42%
NOKIA OYJ 0.75% 3.418 Delayed Quote.3.70%
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Financials
Sales 2020 21 651 M 25 901 M 25 901 M
Net income 2020 662 M 792 M 792 M
Net cash 2020 1 996 M 2 388 M 2 388 M
P/E ratio 2020 30,2x
Yield 2020 0,15%
Capitalization 19 240 M 23 003 M 23 017 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,78x
Nbr of Employees 94 250
Free-Float 93,3%
Chart NOKIA OYJ
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Nokia Oyj Technical Analysis Chart | NOKIA | FI0009000681 | MarketScreener
Technical analysis trends NOKIA OYJ
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 3,67 €
Last Close Price 3,42 €
Spread / Highest target 52,1%
Spread / Average Target 7,25%
Spread / Lowest Target -39,1%
EPS Revisions
Managers
NameTitle
Pekka Ilmari Lundmark President & Chief Executive Officer
Sari Maritta Baldauf Chairman
Marco Wirén Chief Financial Officer
Marcus Weldon Chief Technology Officer
Kari Henrik Stadigh Vice Chairman
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