Nokia's Quarterly Profit Beats on 5G Demand

Technology

April 28th, 5:54am

Asharq Al-Awsat

Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez

Telecom equipment maker Nokia reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints. First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by Refinitiv.

from Asharq AL-awsat https://english.aawsat.com/home/article/3616771/nokias-quarterly-profit-beats-5g-demand