Ericsson, one of the largest telecom-gear makers, reported fourth-quarter core operating profit supporting market expectations on Monday. It said it has upheld market share in unfavourable situations.

Excluding loss-making joint ventures and restructuring costs, Ericsson's quarterly operating profit, was 7.5 billion Swedish crowns almost alike the forecasts.

Chief Executive Hans Vestberg said, "We maintained market shares well in all segments, cash flow was good and our financial position is strong. Group sales for the full year were less affected and the operating margin increased slightly".

Alcatel-Lucent, rival of Ericsson, considers the market to be table or grow at the most by 5% in 2010, while Nokia Siemens Networks foresees no growth. Although the improving global economy means the outlook for the network market has brightened, some analysts believe growth could be delayed until 2011.

The prediction of consensus was for earnings of 0.83 kronor a share. Net sales fell 13% and Net sales for comparable units dropped 16%. Company said that its key network units had seen sales hit in the second half, and sales were 58.3 billion versus a forecast of 59.8 billion. However, countries like China, India and United States remained strong and stout market for professional services.