EBITA Margin Expansion
EBITA margin reached a 3-year high of 14.7%, excluding capital gain from iconectiv, due to operational improvements and cost base restructuring.
Growth in Key Markets
Sales grew in 3 out of 4 market areas, with notable growth in Northeast Asia by 10% and Europe, Middle East and Africa by 3%.
Strong Cash Flow
The quarter ended with a strong cash position, driven by strong recurring cash flow and the iconectiv sale, suggesting potential for increased shareholder returns.
Cloud Software and Services Performance
Cloud Software and Services saw an organic sales growth of 9% and a strong gross margin improvement to 43.6%.
Technological Leadership and Strategic Agreements
New customer agreements in Japan and a strategic 5-year agreement with Vodafone in Europe for programmable networks.