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Sweden's Ericsson on Wednesday reported first-quarter core earnings above market estimates as strong 5G equipment sales offset a loss of royalty income due to a patent fight with Samsung Electronics . The coronavirus crisis has fast-tracked 5G adoption as governments prioritise digital growth, boosting telecom equipment makers such as Ericsson and Finland's Nokia . Quarterly adjusted operating earnings rose to 5.3 billion Swedish crowns ($627.9 million) from 4.6 billion crowns a year ago, beating the mean forecast of 5.0 billion crowns, according to Refinitiv estimates. Total revenue, which benefited from bans in several countries on the use of technology from China's Huawei , was 49.8 billion crowns, unchanged from last year due in part to currency headwinds. It missed estimates of 53.42 billion crowns. A Swedish court on Wednesday will hear arguments in a case filed by Huawei against a ban in Sweden. Sales at Ericsson's networks unit grew by 15% and adjusted gross … [Read more...] about Ericsson core profit beats forecast, patent fight casts shadow

Google has revealed that five of its datacenters are now running almost entirely on carbon-free 'clean' electricity. According to Urs Hölzle , Google's senior vice president of cloud infrastructure, the search and ad giant buys power from more than 50 renewable energy projects, and has a capacity of 5.5 gigawatts, which equates to about one million solar rooftops. Google announced the update in line with this week's Earth Day on April 22 , a campaign to raise awareness about environmental issues which has been running since 1970. Data centers that power the cloud have become a major source of carbon dioxide (CO2) emissions and tech giants have been showcasing their progress in making the infrastructure that delivers email, productivity apps, e-commerce and games less harmful to the environment. Google CEO Sundar Pichai today noted the company's existing goal of operating entirely carbon-free by 2030 rather than offsetting its carbon footprint. "Within a decade we aim for … [Read more...] about Google: These five datacenters are now running on carbon-free clean electricity