Nokia reports profit in third quarter

Nokia reports profit in third quarter

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Nokia LogoFinland: Nokia has announced its Q3 2013 financial results, revealing an operating profit of €118 million ($162 million). The report is the first since Microsoft agreed to purchase Nokia”s phone business, and that division — Devices & Services — performed as expected, posting a small loss of €86 million ($118 million).

Nokia Group achieved underlying operating profitability for the fifth consecutive quarter, with a Q3 non-IFRS operating margin of 3.8%, driven by strong performances by Nokia Solutions and Networks (NSN) and HERE.

Source: Nokia