NEW DELHI: Finnish telecom gear maker Nokia<\/a>'s India net sales surged 62% in the second quarter at 290 million euros, up from 179 million euros last year. The company said that the growth was 75% on-year in terms of constant currency change.
\"From a regional perspective, on a constant currency basis, the [global net sales] increase was primarily driven by growth across most regions, with particular strength in India and Greater China. This was offset by declines in North America and Asia Pacific,\" the gear maker said in a statement.
The gear maker, however, termed pandemic's impact in India as a risk factor.
\"The scope and duration of the COVID-19 impact, particularly in certain countries, including India, where the pandemic has worsened, and the pace and shape of the economic recovery following the pandemic,\" it added.
Nokia's global net sales increased 4 percent in the second quarter of 2021, primarily driven by Network Infrastructure<\/a> and Nokia Technologies<\/a>, partially offset by Mobile Networks and Cloud and Network Services.
Nokia said it now expects full-year net sales of 21.7 billion to 22.7 billion euros, up from its prior estimate of 20.6 billion to 21.8 billion euros, with an operating profit margin of 10-12% instead of the 7% to 10% expected previously.
The Finnish company's April-June comparable operating profit rose to 682 million euros ($808.51 million) from 423 million euros a year earlier, beating the 408 million euro mean estimate in a Refinitiv<\/a> poll of analysts.
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