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Tag: ericsson
Ericsson to cut jobs in bid to save 972m
2014-11-13 01:00:00| Total Telecom industry news
Swedish kit maker expects telco equipment market to grow 2%-4% per year until 2017.
Ericsson Turns to Silicon Valley Scientist in Cloud Effort
2014-10-30 02:53:47| Appliances - Topix.net
Ericsson AB, which pioneered phone- network equipment more than a century ago, is counting on a Silicon Valley scientist to help the Swedish company become a contender in cloud computing that promises higher growth rates. Since starting in March as head of Ericsson's newly created cloud unit, Jason Hoffman, 42, has helped orchestrate a takeover of a California software provider and struck a partnership with a security company to bolster his division and differentiate its offering.
Tags: effort
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ericsson
Ericsson bags network deals with Telenor, Algeria Telecom
2014-10-27 01:00:00| Total Telecom industry news
Swedish vendor to upgrade Norwegian telco's mobile network and Algerian operator's broadband infrastructure.
Tags: network
deals
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telecom
Ericsson Profit Declines as Costs Offset Rising China Sales
2014-10-25 09:33:07| Appliances - Topix.net
Ericsson AB reported a 9.4 percent decline in third-quarter profit as it boosted spending to compete for contracts to build faster wireless networks in countries such as China. Net income fell to 2.65 billion kronor from 2.92 billion kronor a year earlier, Stockholm-based Ericsson, the world's largest maker of wireless networks, said today.
Tags: sales
china
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Ericsson sales growth improves to 9% in Q3
2014-10-24 08:54:00| Telecompaper Headlines
(Telecompaper) Ericsson reported third-quarter sales up 9 percent year-on-year to SEK 57.6 billion. Sales for comparable units, adjusted for currency effects, grew by 3 percent annually and 2 percent quarterly. The growth was mainly driven by the Middle East, China, India and Russia, and was partly offset by a sales decline in North America. The company's gross margin increased to 35.2 percent from 32.0 a year ago, driven by an improved business mix, higher IPR revenues and lower restructuring charges. Operating profit still fell to SEK 3.9 billion from SEK 4.2 billion in the year-earlier period, due to a revaluation of unrealized hedge contracts of SEK 1.0 billion. Ericsson said it also faced higher operating expenses related to modems and the acquired Mediaroom business as well as a planned ramp up of investments in IP. Net profit fell 13 percent to SEK 2.6 billion, and operating cash flow was a negative SEK 1.4 billion. Ericsson said it was benefiting from mobile broadband contracts in Greater China, improving conditions in Japan and India and a return to growth in parts of Europe. Sales slowed in North America as operators there focused more on cash flow optimisation.
Tags: sales
growth
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