Ericsson posted second quarter earnings that included a 70 percent decline in net income to $319 million from the second quarter last year. Corporate restructuring and the weakness of the U.S. dollar combined with a lack of return from the SonyEricsson handset joint venture continue to weigh on the company. Still, sales in North America were up 47 percent to $720 million, growth that came somewhat from IPTV and broadband-related contracts in the region.
Ericsson, which used to be most relevant as a wireless vendor where the North American market was concerned, has acquired several companies to give it a stronger front in wireline IP and broadband. The company also recently targeted the carrier Ethernet arena via its Redback Networks unit.