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Article: As buildout loses steam, professional services grow.
- Article from:
- RCR Wireless News
- Article date:
- August 4, 2003
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SAM OMATSEYE
In a time of coy spending, infrastructure vendors are warming to professional services as the surprise boon of the sector.
In their last quarterly reports, all the vendors glowed over the new revenue stream, which has raked in billions of dollars in a cash-challenged market.
None of the major players, including Motorola Inc., Nortel Networks Ltd., Nokia Corp. and Lucent Technologies Inc., is out of the loop. L.M Ericsson said professional services account for about 25 percent of its business, and it is growing. In its last earnings report, professional services accounted for about $498 million, which could bring its annual ...