Nokia's Q3 profit surpasses estimates, driven by 118% surge in AI demand
- Nokia’s third-quarter comparable operating profit rose 35% to €605 million, beating analysts’ €453 million estimate.
- Comparable net sales increased 10% to €5.15 billion, exceeding the €5.05 billion consensus estimate.
- Order intake from AI and cloud customers surged 118% year-on-year to €1.5 billion during the third quarter.
- CEO Justin Hotard said growth is accelerating and noted confidence in creating long-term shareholder value.
Source: economictimes.indiatimes.com
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