Net Sales Growth
Nokia reported a 9% increase in net sales with all business groups showing growth. Strong order intake was observed in optical networks and IP networks, driven by AI and cloud customers.
AI and Cloud Customer Segment Growth
AI and cloud customer segment accounted for 6% of Nokia's group net sales, with 29% of optical networks' sales coming from this segment. This was supported by new strategic partnerships and product launches.
Infinera Acquisition Progress
Nokia is ahead of schedule with the integration of Infinera, which contributed positively to both net sales and order intake growth in Q3.
Cloud and Network Services Performance
Cloud and Network Services saw a 13% sales growth, with gross margin increasing by 380 basis points due to improved delivery costs and operating leverage.
Nokia Technologies Sales Growth
Nokia Technologies experienced a 14% increase in net sales in Q3, with several new deals signed.