Future Tech

Nokia's quarterly profit beats on 5G demand

Tan KW
Publish date: Thu, 28 Apr 2022, 02:26 PM
Tan KW
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Future Tech

STOCKHOLM - 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.

 


  - Reuters

 

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