Nokia followed its outstanding 2017 in IP with a strong FY 2018 first quarter, underlining its status as the market’s standout performer. Revenues from Nokia Technologies, the division largely made up of patent, brand and technology licensing, reached €365 million. That is up from €247 million for the first three months of last year and represents an increase of 48%. Gross profit for the division also leapt, growing from €116 million to €274 million year-on-year.

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