29-07-2021 13:38 via telecoms.com

Nokia reports a strong Q2 21 on the back of fixed-line infrastructure growth

All the indicators are moving in the right direction for Finnish kit vendor Nokia, which saw its share price jump after announcing its Q2 2021 numbers.
Sales were up 4% year-on-year, but once adjusted for adjustments that increase jumped to 9%. Gross margin was up nearly three percentage points and consequently Nokia’s profitability continued its dramatic recovery. The dominant contributor to all this financial exuberance was the fixed-line bit of the business, which finally seems to be up
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