Ericsson profit hit by poor US performance, global sales up
Thursday, April 23, 2015 - 05:00
in Mathematics & Economics
Sluggish broadband demand in North America is hurting Ericsson, the world's largest networks maker, which reported Thursday a 14 percent drop in first-quarter net profit to 1.5 billion kronor ($ 173 million) despite a rise in global sales.