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.
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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 ...
