Thursday, 1 February 2018

Nokia's Q4 financial reports better than expected.

Nokia Campus in Espoo, Finland

Telecommunications giant Nokia's financial results for Q4 2017 are out and they are better than the initial predictions. The company reported $1,2 billion operating profit for Q4 - up from the $1,101 billion forecast. 

What made the 9% increase a reality was the multi-year patent license agreement, signed between the Finnish company and another network Goliath - Huawei, which brought in $260,4 million, with more revenue expected during the term of the contract.

Despite ...

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