How is the Nokia business doing, any impact of the COVID19 pandemic?
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Sarah S. asked a question to Mohamed A.
Category: About us
Date asked: Thursday, May 7, 2020
Last reviewed: Friday, May 8, 2020
Mohamed A.
Digital Transformation Sales Lead
Hi Sarah, Thanks for the question. Nokia business delivered solid first quarter results see here: (https://www.nokia.com/about-us/news/releases/2020/04/30/nokia-corporation-interim-report-for-q1/).
The ICT sector is one of the least impacted sectors during COVID-19 (compared to other sectors) so far. It's even expected to recover faster post the pandemic as the world is in need to be more connected and a lot of businesses are rethinking of accelerating their digital transformation strategies. There is also foreseen short-term impact due to COVID-19 lock-down on our customers investments, strategies, and mid-term plans.
Friday, May 8, 2020
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