<p>In the year-ago period, the entity had a net profit of 1.3 billion kronor, Ericsson said in a statement.<br /><br />The company attributed the robust earnings to rising demand for network infrastructure, such as radio base stations as well as increasing demand for mobile broadband devices.<br /><br />Ericsson's sales in the first quarter rose to 53 billion kronor from 45.11 billion kronor in the year-ago period.<br /><br />"Group sales in the quarter increased by 17 per cent year-over-year driven by continued strong demand for mobile broadband and especially for the multi-standard radio base station," Ericsson President and CEO Hans Vestberg said in the statement.<br /><br />Sales in the the company's network equipment business surged 35 per cent year-on-year, buoyed by robust growth in mobile broadband devices in countries such as the US, India, Japan, South Korea and Russia.<br /><br />However, the group warned that its supply chain could be affected due to problems related to the Japan earthquake.<br /><br />"Our global supply chain of components is partly dependent on Japan and we estimate delays in delivery of certain products, Vestberg said, adding: "Our best estimate is that we will be able to deliver the majority of these volumes before the end of third quarter 2011".</p>
<p>In the year-ago period, the entity had a net profit of 1.3 billion kronor, Ericsson said in a statement.<br /><br />The company attributed the robust earnings to rising demand for network infrastructure, such as radio base stations as well as increasing demand for mobile broadband devices.<br /><br />Ericsson's sales in the first quarter rose to 53 billion kronor from 45.11 billion kronor in the year-ago period.<br /><br />"Group sales in the quarter increased by 17 per cent year-over-year driven by continued strong demand for mobile broadband and especially for the multi-standard radio base station," Ericsson President and CEO Hans Vestberg said in the statement.<br /><br />Sales in the the company's network equipment business surged 35 per cent year-on-year, buoyed by robust growth in mobile broadband devices in countries such as the US, India, Japan, South Korea and Russia.<br /><br />However, the group warned that its supply chain could be affected due to problems related to the Japan earthquake.<br /><br />"Our global supply chain of components is partly dependent on Japan and we estimate delays in delivery of certain products, Vestberg said, adding: "Our best estimate is that we will be able to deliver the majority of these volumes before the end of third quarter 2011".</p>