{"id":799353,"date":"2022-07-21T14:13:44","date_gmt":"2022-07-21T14:13:44","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2022\/07\/21\/nokias-quarterly-operating-profit-beats-forecasts-on-5g-demand\/"},"modified":"2022-07-21T14:13:44","modified_gmt":"2022-07-21T14:13:44","slug":"nokias-quarterly-operating-profit-beats-forecasts-on-5g-demand","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2022\/07\/21\/nokias-quarterly-operating-profit-beats-forecasts-on-5g-demand\/","title":{"rendered":"Nokia&#8217;s quarterly operating profit beats forecasts on 5G demand"},"content":{"rendered":"<p>Finnish telecom equipment maker Nokia reported quarterly operating profit ahead of market expectations, boosted by strong demand for 5G gear from phone companies.<\/p>\n<p>Second-quarter comparable operating profit rose to 714 million euros ($729.71 million) from 682 million last year, beating the 636.52 million euro mean forecast of 11 analysts polled by Refinitiv.<\/p>\n<p>However, comparable operating margin fell to 12.2% from 12.8% due to timing effects of contract renewals and a one-off software deal last year.<\/p>\n<p>Network infrastructure grew 12% in constant currency in the quarter, driven by strong demand in both fixed and submarine networks.<\/p>\n<p>Net sales grew 11% to 5.87 billion euros, beating estimates of 5.60 billion.<\/p>\n<p>Last week, rival Ericsson&#8217;s quarterly core earnings missed expectations as margins were hit by higher component and logistics costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finnish telecom equipment maker Nokia reported quarterly operating profit ahead of market expectations, boosted by strong demand for 5G gear from phone companies. Second-quarter comparable operating profit rose to 714 million euros ($729.71 million) from 682 million last year, beating the 636.52 million euro mean forecast of 11 analysts polled by Refinitiv. However, comparable operating margin fell to 12.2% from 12.8% due to timing effects of contract renewals and a one-off software deal last year. Network infrastructure grew 12% in constant currency in the quarter, driven by strong demand in both fixed and submarine networks. Net sales grew 11% to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-799353","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799353"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799353\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}