Nokia Bets On AI, Cloud Demand As Optical Networks Gain Momentum - Nokia (NYSE:NOK)
Nokia Corp. (NYSE:NOK) on Thursday posted first-quarter results, highlighting strong momentum in optical networking and a sharp jump in sales tied to AI and cloud customers.Nokia Q1 ResultsThe Finnish company reported net sales of $5.26 billion (EUR 4.5 billion), up 4% year over year, but missed Benzinga’s estimates of $5.40 billion. EPS came at $0.06, missing estimates by 3% but increasing 67% year-on-year.The company's Network Infrastructure segment grew 6% year over year, driven by a 20% increase in Opt ...