Nokia's third-quarter profit beats estimates as AI and cloud sales more than double
Nokia's comparable operating profit rose to €605 million in the third quarter from €448 million a year earlier, beating the roughly €453 million analysts expected, as net sales grew 10% to €5.15 billion. Sales to AI and cloud customers jumped 123% and orders from them rose 118% to €1.5 billion, led by its IP and optical networking units. The company kept its full-year outlook and said it expects the combined optical and IP businesses to grow 25% to 30% in 2027.
Source: Bloomberg