India, April 15 -- Shares of LM Ericsson were gaining around 6 percent in Sweden as well as around 7 percent in the pre-market activity on the Nasdaq, after the Swedish telecom major reported Tuesday higher profit and revenues in its first quarter. Meanwhile, organic sales were stable, with strong growth in market area Americas was offset by declines in other market areas.
Borje Ekholm, President and CEO, said, "We sustained solid momentum in Q1, despite a challenging and fast changing macro backdrop, and our results highlight our competitiveness.... Looking ahead, we remain confident of our strong position in Mobile Networks and expect Enterprise to stabilize during 2025. In the evolving global trade landscape and macro volatility, we con...