Nokia Reports Strong Q1 Earnings with Growth in AI and Cloud Segments
Nokia reported Q1 net sales of EUR 4.5 billion, up 4%, with a 320 basis point expansion in gross margin. The AI and cloud segment saw a 49% sales increase and EUR 1 billion in new orders, while management raised growth forecasts for AI and cloud markets and Network Infrastructure. Optical Networks drove performance with a 20% sales increase.
Tickers: $NOK
Topics: AI and Cloud Growth Earnings Free Cash Flow Gross Margin Net Sales Network Infrastructure