Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and said many parts of its business are now turning the corner although some continue to experience market weakness.

Nokia has reported that Q3 net sales declined 8 per cent YoY to €4.33 billion as growth in Network Infrastructure and Nokia Technologies was offset by decline

Nokia has identified the data centers as a significant growth market, and its CEO remained bullish about the future despite overall net sales dropping eight percent during the third quarter of this year.