Nokia Corporation announced its Financial Report for Q2 last week, delivering what it termed as stable net sales in constant currency compared to the prior year and a solid comparable operating margin of 11 percent "despite the regional mix headwinds faced in our Mobile Networks business," Pekka Lundmark, President and CEO said. "Considering the significant decline in major North American operators' investments, our operating margin has proved resilient, even adjusting for the $89 million of catch-up net sales in Nokia Technologies," he said. Nokia's Network Infrastructure business saw a six percent decline in net sales in constant currency as macro uncertainty impacted the business, particularly in IP Networks, which declined 11 percent.