Shares of Nokia (NOK) rallied 7.3% in early trading on Thursday after the company reported robust Q2 2021 performance, which was driven by growth across all business units. The company provides network infrastructure, technology and software services.  Adjusted earnings came in at €0.09, up 50% from the last year’s quarter. Net sales increased 9% (on a constant currency basis) to €5.3 billion. The upsurge was primarily due to strong revenue growth in Network Infrastructure and Nokia Technologies units. Adjusted gross margin was 42.3%, which compared favorably to 39.6% in the same quarter last year.
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Nokia (NYSE:NOK)
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