Thank thank much call and the joining you and you, for today. hello very David, everyone
us Nokia we in Russian innovation the actual QX shocked few words namely performance, QX, Before from has Ukraine. about strongly the start. start condemned invasion that the have me of say the events let on a all the
has priority employees. and been our Our and of continues safety to the well-being be
not possible. circumstances market. exit we and Ukraine the to invasion in XXth April people's have since us proud available clear I'm We in and of Ukraine announced efforts all It will members colleagues impressed that needs our Russia days customers' in maintain our providing by help country. supporting networks on are presence and the continued in been team We Russian early individual for and has our continuing on the how be our depending would that the
providers have way networks a highlighted provide we exit. and do aim our governments customers' away. the Western food, will walk implications Russian medicine us for as to ordinary support responsible critical maintain simply this sea to like the infrastructure in humanitarian We necessary and
our will We the work possible responsibly. a exit as orderly on but transition customers to closely also smooth complete as with hence quickly and
to with on result. now let's move QX our So that
all, pleased strong a of start It I'm the QX. with First really was year. to
networks Looking What chain networks the we services. line notably because screen by growth actually have in driven constant and currencies. in strong and top is then could optical X% here, business. This continued within and this in in pleasing our strong margin and cloud at constrain was networks mobile gross this was points the quarter particularly was XXX we X% had to growth network particularly very backlog. inside mobile have We the Supply was which infrastructure business faster order basis up network XX.X%, grown a currency. reported
in we in you other lower last compare will this little a were And positive on R&D, So this in in that operating the was later that demonstrating added competitiveness to increased we from which margin effects income quarter call. have to It we there operating product offset is we ago, deeper technologies gross addition cost one-offs this investment there R&D through the in by are stable. year business, benefit then had zoom to were But investment. really then when The continue and a quarter XX.X%. margin our bit timing were that because Improvements corresponding achieved was continuing. the quarter we the improved year. which
then, each see bars after currencies. year-on-year indicate And And So of development. margin good here then that as The XX-month will pretty QX comparable development this very margin. been you blue operating line it has I chart, remember, indicates rolling the in to is quarter, margin with comparable help gray here growth. have that the the line comment kind of both now obviously, challenging top growth and the returned the the you strong. in we The
as And significant the improvement of same XXXX. obviously at last end see We been deliver year the XX.X%. you are now here that to the able on level since we've
and So will I on each business say few words now a mobile will networks. start with group I
As already this top-line issue business. highlighted we in had a
chain because of top-line order strong comparable have currencies. in decline We had we backlog, in challenges but continued the supply X%
of semiconductor continues in improvement tight. side, situation are big the picture but the here On there, situation There tight. and continues areas the some the
challenges. that is the in to COVID-related bit addition obviously region is Marco little And comment Shanghai more. short-term at in In the there in the will now that supplier-specific situation then some moment which facing are we a China,
things of have fact were Profitability the to these development. some book that the expect affecting the to this top-line we order really, return in and despite really So strong business year. growth this we
Given margin, investment XXX top-line is great really margin year. And improvement operating over all have we is this? comparable challenged the behind that somewhat in operating expansion gross the points It basis first of R&D was what the development pleasing. made. margin profitability in really, really last X.X%
basis, Here investment we see back around billion. quarter If the go third you €X.X to here on mobile were networks. I XXXX a R&D in the XX-month rolling
annual so this billion XX%. added are into which have we we about investment about business million Now R&D at is €X.X €XXX
we whatever said is invest significant also in will what XG exactly to that takes in success done it we XG. XXXX this have we we that So in had repeat and have the
the has to helped us So gross R&D trend. this is deliver margin which this investment
We -- this rolling. is also are now XX-month
quarter. the another thing mix development they development And We are margin and margin networks it and But investment the the have is rolling the services we driving of now gross this hand-in-hand. business. the there at been XX%, is clearly go at also XX-month gross behind the of part mobile that inside R&D the end very first
And was are growth a addition in over the XX%. driving service business of then we already order supply There view and we higher transitioning next book. that the growth constant the business. But in have again, of that chain competitiveness strong little in networks a gross challenges. was services. which that X% this are point with part itself on quarter services competitiveness infrastructure. some that a and also is margin, that by towards we deploy is strategic year. network and the low-margin technical maintenance last share made XX% the of say, And the XX% submarine top-line We to into the shift and top-line business very from fixed margin. was good reason is zooming higher mobile growth in NI business to the growth networks fantastic product investment more weak product inside exactly is currency. I business top a of the This from the networks would strong driving R&D other Then that bit business one hit specific that there have Also optical was over support
it's new also the in for promising. very So remember in income largely absence R&D we to the the XX to you business to year, recover generation the extent FPX NI later basis routing of expect It we points this was development of in overall fell about year-over-year last technology year increased some really operating that silicon the operating and also briefly investments. launched other Talking business prior margin X.X%. year. and The due positive the
trials. now the first in customer are We
six trials seeing proposition increase full compatibility services. is that chip actually the strong to while support initially and features the which field current our in seeing ethernet One value of per in interest are than to up FPX the XX% now XXX and very gigabit throughput backward and we continuing to performing we for is we customers throughput support, to had this are committed terabits per what the is even better chip is terabits the reaching important We are second initially and detail, more X.X the chipset. estimated second we in
addition portfolio what entering a growth. strength in Network Our with one gain optical you Then see just platforms differentiation to us fixed networks helping practical chose, strong quarter give And to strong the other X% data example a of on here that strength our also FPX solutions Services, and is for Cloud and to the we five for the it as April and equivalent the share. announced of relationships also top continue in PSC line to networking the center switching here webscalers. a in step Microsoft deal it of good silicon
rebalancing investments are We areas showing that is clearly our towards and higher results. growth
areas We CNS of had and in XG are core in Nokia. that focus networks. is business CNS the line transitioning really now which development. top seeing of towards it in CSPs driving now one the are strong core is We the growth
why now where XXXX of have is the the investing this XXX is – a much reasons benefit and investment you related And of can Technologies we expansion in areas the in line this a good QX. for issue. Technologies. weakness the as in see XX% of for Network line provisions the said, this resulted at wireless is And that that assumption We our points investment, which that effects how top that was those investing I in a on that the renewal X%. profitability. and of partly profitability decline basis in are driver adding had here late the for fourth both are repeat for And expired we margin. margin there we we our And XXXX, the we year-over-year year to lot. make. from there had you I also rolling we campus is see some full XXXX between are XX-month private this deployments business even took a Nokia benefiting is starting to in what all margin projects improvements Cloud customers. earlier wireless comparable while was the primarily Another want and caution we in one And timing chart, gross the is X% the a growth excluding we basis Nokia you key year which campus continue operating said see strong Services. of then rebalancing operating and because margin currently R&D XXX early expansion one this our here And these in discussions and operating moment. Also, to with to contracts last On was that points This certain and operational businesses, quarterly litigation yes pretty top that two then wireless obviously you are are business,
the line the quarter. affected that So top in
there expired, have that market. has was another license smartphone factor customer exited Another the whose is but they
also I continue. But in this very year-over-year we will business to thing to still concluded. I We that strength be this one that want deliver two portfolio. be in approach to in that operating business. continue to assuming expect obviously mentioned terms profit of negotiations are our able And So the of on stable be not clear confident in our to these
means since by priority competitiveness we portfolio of it will value do the Our achieving our protecting the believe that remain priority our of of resolution our in deadline. portfolio instead specific a that
I Enterprise that back now of are a explain next, let's before Enterprise. move we in want So do to but what take breadth I on to the step doing and
large to a IP our course, is As second IP verticals for good sales we Primarily four Typically, us switching dedicated for a this. group. organized to optical we and first business. Enterprise is sell the organization is for depending the a organization But segment on, sites. by are webscale deal this that customer in opportunities. and connectivity you Infrastructure about. is, Network routing are major networks, delivered And segment report focusing broadband one do example Enterprise Microsoft business talking solution and center the Then the have companies that is networks, not along business optical products group on various fixed our the we remember, data enterprise broadband, of sales webscalers. Whatever respective we of we
is provider. service there case. course, networks one that difference today. a strategic we then area important to then going not is forward could It addition be it is One have logic networks that, private is then applications. could there networks build networks And actually and customer this focusing is mobile a the this very utility up XG is talked authority. networks And that growth then be going networks, of opportunities other who of quite it's expect opens government is similar cases. to we But our and their that vertical. in of through productivity which transport wireless are typically most is campus that of government from In the millions how the et the for customer industrial spending seeking this The wide And of ways you We on this a are there safety a and that all there something side But that vertical strategy a all for in. sell and is campuses are And cetera, this as the is different increase comes that wide access spending agency digitalization. a these public area It group. interesting computing our government lot safety, NDAC to is wireless else. millions or solution this important wireless, including selling for different see in opportunities business, and edge et where build our are campus about. utility that's how and improve fundamentally to to cetera two through are platforms world, wireless
wanted to we business. was that challenges these side strong chain four innovative say backlog. in enterprise a thing wide just year fair affected It the conversion supply end order the in I not meet the -- order QX. as great we said is line QX it's already order I and this focusing is And to and on of intake that delays. intake our is expectations highlight this have opportunities at QX, The that a last in the we by that great top some because drop of continued positive did good QX, after a other X% very to So are want in concept are that
grow continue We orders. double digit to in
that actually goal. this backlog to faster our goal make what we for and start order And order then the is definitely a that the now then an converting next year at we backlog. sure So and we're growing have for doing that challenge that remaining are pace we obviously is quarters is the
the private general segments. growth but what and the XXX We believe XX on also opportunity, with from you continue I to to -- And wireless campus about including build a campus good be new customer previous only sustainably midterm. base we wireless here if we and business in recall also customers of the grow growing our our those will in talking was slide area the not We in continued XXX increased pace during quarter. wide is
segment. So in we continue Enterprise focus to the
meaning enterprise sales coming service all relative to years the share grow goal business. of continues that faster in be will it that the provider side than Our our the the of of will grow
Marco. So like I ladies and gentlemen, with that, would to hand over to
