Nokia posts strong Q2 results

Nokia delivered a strong second quarter, driven by 5G demand, a competitive end-to-end portfolio and strengthened operational execution,said the company in a press release.

"In the quarter, we saw good year-on-year growth, meaningful improvements in profitability, robust progress in our strategic expansion areas of Software and Enterprise and excellent momentum in our IP Routing business. We also continued to enhance our position in 5G, and now have 45 commercial 5G deals and 9 live networks," said the company's CEO Rajeev Suri.

According to Suri,risks remain in the year, including execution demands in the second half, trade-related uncertainty and challenges in the China market.

"Given these risks, we will continue to focus on tight operational discipline, delivering on our EUR 700 million cost-savings program, improving working capital management and advancing the implementation of our strategy" said Suri.