Reuters – Ericsson misses forecasts as waits for 4G boost
“Ericsson is the leader in an industry that is growing in users and data traffic but not in revenues,” said Bengt Nordstrom, chief executive at telecom consultancy Northstream.
On a brighter note, Ericsson’s underlying profitability continued to improve in the first quarter.
Its closely watched gross profit margin rose to 36.5 percent compared with expectations of 34.0 percent and 32.0 percent in the year-ago quarter, boosted by mobile broadband capacity projects and more software sales to some clients.
