Nokia Turns To Fourth Quarter Profit Buoyed By Strong Growth

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Thu, 01/29/2015 - 1:28am

HELSINKI (AP) — After selling its ailing handset unit, Nokia has turned a fourth-quarter net profit of 443 million euros ($502 million) with sales increasing nearly 10 percent, partly buoyed by strong growth in North America. The Finland-based company said Thursday that revenue grew to 3.8 billion euros ($4.3 billion) in the period, from 3.48 billion euros a year earlier when it reported a net loss of 26 million euros. CEO Rajeev Suri noted excellent network profitability in the period with strong growth in all operations, after selling its loss-making devices and services to Microsoft last year. Suri said that last year had been "a time of significant change ...Read more on NewsOK.com

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Nokia Turns To Fourth Quarter Profit Buoyed By Strong Growth

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