Nokia reported a rise in second-quarter sales driven by increased demand for its AI and cloud services, despite a sharp drop in earnings due to restructuring charges.

The company's profit fell to 5 million euros from 96 million euros a year earlier, with restructuring costs projected at 800 million euros for the full year.However, underlying operating profit rose 18% to 434 million euros.CEO Justin Hotard highlighted that AI and cloud order intake reached 2.8 billion euros, with expectations that half of these orders will convert to revenue within 12 months.While sales grew by 8% to 4.8 billion euros, the restructuring charges impacted overall earnings.The results reflect Nokia's focus on capitalizing on the AI supercycle, as outlined in their strategic plan launched late last year.