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![This telecom firm’s 2Q profit exceeds expectations due to robust 5G demand](https://static.toiimg.com/thumb/resizemode-4,msid-93038245,imgsize-20174,width-720/93038245.jpg)
Wi-fi and fixed-network tools maker Nokia reported a second-quarter revenue above analyst expectations on sturdy demand for 5G know-how from cellphone operators and improved competitiveness of its foremost enterprise models. The Espoo-based firm reported internet revenue of 585 million euros ($597 million) for the April-June interval in contrast with 539 million euros a 12 months earlier.
Internet earnings attributable to shareholders was up 9 p.c at 582 million euros, from 532 million a 12 months earlier.
Nokia’s gross sales had been up 11 p.c at 5.9 billion euros.
CEO Pekka Lundmark stated in an announcement “we delivered one other quarter of sturdy profitability,” including that he was significantly happy to see Nokia’s two foremost enterprise models – Cell Networks and Community Infrastructure – performing nicely.
“Our persevering with investments in know-how management and competitiveness are exhibiting outcomes. We’re assured that we are going to ship progress on a full-year foundation this 12 months,” Lundmark stated in a video message printed on YouTube after the discharge of the earnings report.
Nokia is among the world’s foremost suppliers of 5G – the newest technology of broadband know-how – together with Sweden’s Ericsson, China’s Huawei and South Korea’s Samsung.
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