Nokia back in the black

amy winehouseFormer Finnish rubber boot maker, Nokia is now back to black after selling its mobile phone business to Microsoft.

Nokia reported a surprise rise in second-quarter profits, helped by high-margin software sales and fewer low-priced contracts at its mainstay telecom network equipment business.

Nokia appears to be rolling in it and in April proposed a 15.6 billion euro take-over of its French rival Alcatel-Lucent.

Operating profit at its network unit was $343 million in the second quarter, or 11.5 percent of sales.

That was up from $307 million euro a year earlier, and well above analysts’ average forecast of a profit of $257 million euros and a margin of 8.3 percent.

Network equipment sales were $2.99 billion

The company also said its strategic review of its Here navigation business was now in an advanced stage.

Last week, Reuters claimed that Nokia was closing in on a deal to sell the maps to German car makers for about $3.29 billion.