North America and India boost Ericsson's Q1

Ericsson's first quarter results included a 55 percent drop in net income to $446 million, but still managed to beat analysts' expectations thanks to the networks division and increased sales in North America. The company's first quarter also included a restructuring charge of about $134 million. Total sales grew 4.8 percent to about $7.4 billion, which topped the average analyst's expectation of $7 million. Ericsson also noted that India was now its second largest market.

For more on the Q1:
- read this Ericsson Q1 press release

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.