Nokia Beats Profit Estimates as AI and Cloud Orders Triple to €2.8 Billion

businesscompany-earningsaiai-infrastructure 3 posts · 3 accounts

Nokia posted second-quarter comparable operating profit of €434 million, beating the €382 million consensus, as sales of AI and cloud infrastructure grew to €2.8 billion.

The Finnish network equipment maker said the results reflected a pivot to supply gear for data centers, pushing second-quarter orders to €2.8 billion, nearly triple the €1 billion booked in the first quarter. Shares rose 6% following the results.

From the sources (3 posts)

@business

Nokia's second-quarter profit strongly beat analysts’ forecasts, as the Finnish mobile network equipment maker’s push to supply gear to data centers propelled sales.

@wallstengine

NOKIA'S AI AND CLOUD ORDERS NEARLY TRIPLE $NOK reported €2.8B in AI and cloud orders for Q2, up from €1B in Q1. Related sales rose 105% YoY. Comparable operating profit reached €434M, above the €382M consensus. Reuters reported shares rose

@stocksavvyshay

$NOK AI and cloud orders nearly tripled to $3.2B in Q2 from $1.1B in Q1 with related sales rising 105% YoY. Comparable operating profit reached $496M topping the $437M consensus.

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