Ericsson India surges 29% in Q1 revenue growth. Swedish telecom equipment maker Ericsson recorded ₹4,228 crore in revenue for the March quarter, marking a significant 29 percent jump from ₹3,272 crore a year earlier. India emerged as a key growth driver, contributing 8 percent to consolidated revenue compared to 7 percent previously. The expansion was fueled by robust 5G rollouts and network modernizations across the country. Globally, Ericsson achieved 6 percent organic growth to 49.3 billion Swedish Krona, though reported growth declined 10 percent due to forex headwinds. CEO Borje Ekholm highlighted continued resilience amid dynamic market conditions. The company faces rising semiconductor costs from AI demand and geopolitical uncertainties but remains optimistic about mission-critical projects and enterprise segments for future growth.
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