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Ericsson Sales Miss Estimates Amid Focus on Profit Margins
2014-04-23 13:02:10| Appliances - Topix.net
Ericsson AB, the world's biggest maker of wireless networks, reported sales that missed analysts' estimates as it focused on more lucrative contracts to boost profitability.
Ericsson Q1 sales fall 9%, profits improve
2014-04-23 08:50:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales down 9 percent from a year earlier to SEK 47.5 billion, hurt by slower sales in North America and Japan. On a comparable basis, adjusted for currency, sales decreased 7 percent year-on-year and were down 28 percent compared to the fourth quarter. The company still improved its operating margin, to 5.5 percent from 4.0 a year ago, thanks to more mobile broadband capacity sales and lower restructuring charges. Total operating profit rose to SEK 2.6 billion from SEK 2.1 billion, and net profit increased 41 percent to SEK 1.7 billion. Helped by its new licence agreement with Samsung, Ericsson increased operating cash flow to SEK 9.4 billion, compared to a negative SEK 3.0 billion a year ago. Ericsson said it expects a number of key contract wins, such as LTE projects in China, Japan and Taiwan, to impact sales and the business mix in the second half of the year. However, the political uncertainty in parts of the Middle East and Africa is having a negative impact on sales. This could also spread to Ukraine and Russia, where Ericsson recorded SEK 5.9 billion in sales last year, the company warned.
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ericsson
Ericsson Q1 sales down on North America, Japan weakness
2014-04-23 02:00:00| Total Telecom industry news
Swedish vendor reports growth in China, Latin America, Middle East; gross margin improves.
Tags: north
sales
japan
america
NYU Wireless And Ericsson Join Forces To Speed Development Of 5G Mobile Technology
2014-04-22 09:10:48| wirelessdesignonline News Articles
NYU WIRELESS and Ericsson Incorporated announced that the technology firm joined the university center as an affiliate sponsor of research exploring a new generation of wireless technologies, also known as “5G.”
Tags: join
technology
development
mobile
NYU Wireless And Ericsson Join Forces To Speed Development Of 5G Mobile Technology
2014-04-22 09:10:48| rfglobalnet News Articles
NYU WIRELESS and Ericsson Incorporated announced that the technology firm joined the university center as an affiliate sponsor of research exploring a new generation of wireless technologies, also known as “5G.”
Tags: join
technology
development
mobile
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