HELSINKI / LONDON (IT BOLTWISE) – Nokia is experiencing a significant increase in demand for network infrastructure solutions, particularly from artificial intelligence and cloud computing customers in North America. The company has raised its full-year guidance and is on track to reach the middle of the target range. Network infrastructure sales increased by 28 percent year-on-year, underscoring the company’s strategic realignment.
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Nokia, the Finnish telecommunications giant, has recently seen a notable increase in demand for its network infrastructure solutions, particularly from artificial intelligence (AI) and cloud computing customers in North America. This development has led the company to revise its annual forecast and slightly increase its operating profit expectations. Network infrastructure revenue rose an impressive 28 percent in the third quarter compared to the previous year.
Nokia’s strategic shift towards network infrastructure appears to be a smart move as the company sees new growth opportunities in data centers and AI investments. Around six percent of group revenue in the last quarter came from AI and cloud customers, underlining the importance of these sectors for Nokia’s future development. This focus on innovative technologies could help Nokia compete in an increasingly competitive market.
In the third quarter, Nokia reported an 8.2 percent decline in comparable net profit attributable to shareholders to 323 million euros, while revenue rose to 4.83 billion euros. Despite this decline, the company exceeded analysts’ expectations, who had expected a lower net profit of 269 million euros on sales of 4.64 billion euros. These results highlight the challenges, but also the opportunities, that Nokia faces in a rapidly changing market environment.
Investments in AI and cloud technologies are crucial not only for Nokia but for the entire telecommunications industry. Companies around the world are increasingly relying on these technologies to optimize their networks and offer new services. Nokia is well positioned to benefit from this trend, particularly in North America where demand for advanced network infrastructure is growing rapidly.
The future prospects for Nokia are promising as the company continues to invest in innovative technologies and strengthen its market position. The adjustment of the annual forecast reflects the company’s confidence in its strategic direction. With a clear focus on AI and cloud computing, Nokia could play a key role in the next phase of digital transformation.
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