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How did Ericsson's revenues trend in Q1 and what's the outlook like for Q2 FY'19?
Revenues grew by about 13% year-over-year and by 7% sequentially to SEK 49 billion in Q1 2019. We expect revenues to rise to about SEK 53 billion in Q2 2019.
% Q-o-Q Change
How have Ericsson's key segments performed and what's the outlook?
Key Driver 1
Network RevenuesNetwork revenues grew by about 17% YoY to about SEK 33 billion in Q1'19 driven by growing sales of 5G equipment in North America.We expect the metric to grow to about SEK 37 billion in Q2.
Key Driver 2
Digital ServicesDigital services revenues expanded by almost 8% year-over-year to SEK 7.8 billion in Q1, driven by stronger services sales. We expect the metric to rise to about SEK 8.3 billion by Q2.
Digital Services Revenue
Key Driver 3
Managed ServicesManaged services and emerging business revenues remained almost flat year-over-year in Q1. We expect revenues to grow by about 6% sequentially to SEK 8 billion in Q2.
Managed Services & Other Revenue