Ericsson's Revenue Rises in the East

Ericsson said its sales rose 3% year-on-year in the third quarter on a like-for-like basis to 57.6 billion Swedish krona (7.94 billion US dollars). On a reported basis, sales were up 9% (see graphic).

The Stockholm-based firm said the revenue uplift was mainly driven by growth in the Middle East, China, India and Russia, partly offset by sales decline in North America. source: Ericsson statement