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Ericsson sales decline 14% in Q3 on lower demand
2016-10-21 08:22:00| Telecompaper Headlines
(Telecompaper) Ericsson said sales continued to fall in the third quarter, with revenues declining 14 percent from the year before to SEK 51.1 million. Sales were particularly impacted at the Networks segments, down 19 percent, as well as from less demand for broadband, especially in markets with a weak macro-economic environment. Economic weakness in regions such as Latin America, the Middle East and Sub-Saharan Africa weighed. Sales in Europe, China and North America also went lower year-on-year. Only South East Asia and Oceania posted sales growth, on the transition from 3G to 4G. Ericsson said it expects the sales trend to continue into the fourth quarter. The quarter will also be affected a contract renewal in the US with a reduced scope.
Tags: sales
lower
demand
ericsson
Ericsson sees more gloom following dismal Q3
2016-10-21 02:00:00| Total Telecom industry news
Vendor expects weaker than normal sales growth in Q4, says revenue will take a hit from a scaled-down services contract in North America.
Telia, Ericsson complete 5G field test
2016-10-13 02:00:00| Total Telecom industry news
Companies reach 15 Gbps per user, sub 3-millisecond latency using big chunk of 15-GHz spectrum.
Tags: complete
test
field
ericsson
Ericsson warns of 94% dive in profit as sales fall
2016-10-12 12:23:12| BBC News | Business | UK Edition
Shares in Ericsson have dived after the Swedish telecoms company warned profits would be down by 94% for the third quarter.
Tags: sales
fall
profit
ericsson
Ericsson warns for 'significantly' lower Q3
2016-10-12 08:55:00| Telecompaper Headlines
(Telecompaper) Ericsson has reported preliminary, unaudited third quarter results, saying it expects its business result to be "significantly" lower than company expectations on the back of continuing negative industry trends. These started in the first half and are now being felt, especially in Segment Networks. Revenues for the quarter fell 14 percent year-on-year to SEK 51.1 million, with revenues from Networks down 19 percent to SEK 23.3 million.
Tags: lower
significantly
ericsson
q3
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