{"id":555584,"date":"2026-07-23T10:55:10","date_gmt":"2026-07-23T10:55:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/555584\/"},"modified":"2026-07-23T10:55:10","modified_gmt":"2026-07-23T10:55:10","slug":"nokia-says-ai-cloud-boosted-sales-in-second-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/555584\/","title":{"rendered":"Nokia says AI, cloud boosted sales in second quarter"},"content":{"rendered":"

<\/a> Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, but restructuring charges ate into earnings (Dimitar DILKOFF) <\/p>\n

Finnish telecommunications equipment maker Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, but restructuring charges ate into earnings. \u00a0 <\/p>\n

The second quarter “demonstrates our strategy is delivering results,” chief executive Justin Hotard said in a statement. <\/p>\n

“Since we set out our plan late last year, Team Nokia has focused on maximising our opportunity in the AI supercycle. I am encouraged by the execution and progress we have made in a short period of time. We enter the second half with momentum,” he said.\u00a0 <\/p>\n

Nokia booked profit of 5.0 million euros ($5.7 million) for the period from April to June, down from 96 million euros a year earlier. <\/p>\n

Second-quarter sales, on the other hand, rose by eight percent to 4.8 billion euros.\u00a0 <\/p>\n

The group attributed the sharp drop in earnings to restructuring charges which are projected to amount to 800 million euros for the full year.\u00a0 <\/p>\n

Underlying or operating profit — which strip out one-off factors — rose by 18 percent to 434 million euros.\u00a0 <\/p>\n

“In the second quarter, our AI and cloud order intake was 2.8 billion euros while sales more than doubled year-on-year,” said CEO Hotard. <\/p>\n

“The strength was broad-based We expect around half of these orders to convert to revenue over the next 12 months,” he continued. <\/p>\n

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