Nokia’s comparable operating profit soared 22% in Q2, far exceeding analyst predictions, thanks to a massive surge in sales from AI and cloud-powered customers.
AI-Powered Push
The Finnish telecom giant attributed its success to its strong position in the AI and cloud sectors, with sales more than doubling in these areas.
Nokia’s AI-powered offerings are being used by top telecom operators to boost their network efficiency and customer experience.
The company’s cloud-based services, meanwhile, are helping businesses migrate their applications to more scalable and secure environments.
CEO Sari Maunula on the Growth
Nokia’s Chief Executive Officer, **Sari Maunula**, highlighted the company’s focus on AI and cloud as key drivers of its growth strategy.
Maunula noted that Nokia’s investments in these areas are yielding significant returns and positioning the company for long-term success.
“Our strategy is paying off, and we’re confident that our AI and cloud business will continue to propel us forward,” Maunula said.
What this means for telco customers
The increased investment in AI and cloud by Nokia is expected to lead to better network performance, improved customer experience, and more efficient operations for telecom operators.
This, in turn, should translate to faster data speeds, more reliable connections, and lower latency for end-users.
For businesses, Nokia’s cloud-based services offer a secure and scalable way to migrate their applications and reduce their reliance on legacy infrastructure.
