Nokia Profit Beats Estimates on AI Infrastructure Demand
The Finnish telecom firm reported a comparable operating profit of 281 million euros for the first quarter. High demand for AI and cloud services drove growth.
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NOKIA OYJ reported a significant increase in its first-quarter comparable operating profit, surpassing market expectations as the global surge in artificial intelligence and cloud computing continues to drive infrastructure investment. The company, headquartered in Finland, revealed that it secured orders valued at 1 billion euros ($1.2 billion) during the period.
