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