HELSINKI—Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software, despite the coronavirus crisis causing a substantial drop in revenue.
The Espoo, Finland-based maker of new-generation 5G mobile and other networks said on Friday that its net profit for the April-June period was up 22 percent at 316 million euros ($376 million). Sales were down 11 percent at 5.1 billion euros ($6 billion).
