Ericsson Q1 sales down 4%, profit up on handset sale gain

Wednesday 25 April 2012 | 09:00 CET | News
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Ericsson reported first-quarter sales down 4 percent from a year earlier to SEK 51.0 billion. Sales of network equipment dropped 18 percent to SEK 27.3 billion, due to a drop in CDMA sales on the transition to LTE and cautious spending at customers in Europe, the Middle East and India amid difficult political or economic climates, Ericsson said. The weaker orders were offset by the acquisition of Telcordia and a strong services business, where revenues rose 18 percent to SEK 20.6 billion. Operating profit, excluding the joint venture stakes and the sale of its share in Sony Ericsson, fell to

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Categories: Mobile & Wireless
Companies: Telcordia
Countries: World
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