Ericsson Q3 Earnings: Gains From AT&T Boost, CEO Signals North American Recovery

Ericsson (NASDAQ:ERIC) reported third-quarter fiscal 2024 results.

Sales declined 4% year-over-year to 61.8 billion Swedish Krona, driven by strong growth in the North American market. In USD, sales of $5.93 billion beat the analyst consensus estimate of $5.72 billion.

Group organic sales declined by 1% Y/Y.

Also Read: T-Mobile Partners with NVIDIA, Ericsson, And Nokia to Pioneer AI-Driven Mobile Networks

Ericsson’s partnership with AT&T Inc boosted the telecom equipment company’s quarterly print. AT&T inked a five-year $14 billion deal with Ericsson to lead the US in commercial-scale open radio access network (Open RAN) deployment.

Under the deal, Ericsson will leverage its USA 5G Smart Factory in ...