STOCKHOLM () -- Ericsson on Tuesday met market expectations with a 30 percent jump in nine-month profits, which boosted hopes that the Swedish telecommunications giant would ring up further growth, led by its mobile phone unit.


Ericsson reported a nine-month pre-tax profit of 6.26 billion crowns ($954 million) against 4.81 billion crowns a year ago, but it rang a warning note that increasing competition in the global telecommunications sector could impact profit margins.