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danielcawrey
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danielcawrey,
User Rank: Light Sabre
8/2/2017 | 12:58:39 PM
Re: Organic growth is what matters
I don't think Nokia's plan was a bad idea. 

Lots of companies are now focusing on software. There are still a lot of industrial and other infrastructure processes that could use software. Nokia's focus on this could save the company long-term. 
iainmorris
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iainmorris,
User Rank: Blogger
8/2/2017 | 3:28:59 AM
Re: Organic growth is what matters
'Tis a good point, so I've updated the story to provide a little more context there.
bosco_pcs
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bosco_pcs,
User Rank: Light Sabre
8/1/2017 | 4:49:38 PM
Re: Organic growth is what matters
Just my humble opinion: While indeed 2% is not earth shaking in the startup world, $NOK is a mature company trying to break into new markets. So maybe it is good enough if Comptel can carry its own and accretive. 

It took Blackberry $BBRY for a while to get its software going, considering that is not their core competency. And a heck better than behemeths like $IBM.

In conclusion, agreeing with you about the importance of organic growth but growth by acquisition is sometimes necessary. Its worthiness can only be validated from a longer term perspective depending on integration, synergy and future utilization
James_B_Crawshaw
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James_B_Crawshaw,
User Rank: Blogger
8/1/2017 | 4:32:02 PM
Organic growth is what matters
The organic growth of Application & Analytics was 2% when you strip out the contribution from Comptel (which wasn't in the prior year comparable figure). That's still impressive in comparison with Ericsson's 10% like-for-like decline in IT & Cloud. But not as impressive as 9% organic growth would have been. 


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