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Tag: ericsson
Ericsson sales fall 11% in Q2, sees weak H2
2016-07-19 08:37:00| Telecompaper Headlines
(Telecompaper) Ericsson reported a further slowdown in sales in the second quarter, with revenues falling 11 percent year-on-year to SEK 54.1 billion due to the economic weakness in parts of the world. The company's main growth markets, China and North America, posted flat sales, and sales grew only in southeast Asia and Oceania. Ericsson said it expects the sales trend to continue in the second half of the year. A larger share of mobile broadband coverage contracts and services business led to a fall in the gross margin to 32.3 percent from 33.2 percent a year ago, and the operating margin dropped to 5.1 percent from 5.9, also impacted by a negative revaluation effects of currency hedge contracts. Net profit declined 26 percent year-on-year to SEK 1.6 billion, and operating cash flow was a negative SEK 0.7 billion. Ericsson said it will take further actions to reduce costs, targeting a new annual run rate of operating expenses, excluding restructuring charges, of SEK 53 billion in the second half of 2017.
Tags: sales
fall
weak
ericsson
Ericsson doubles savings target as Q2 revenue falls
2016-07-19 02:00:00| Total Telecom industry news
Swedish kit maker expects no improvement in market trends in second half of 2016.
Tags: target
falls
savings
revenue
Inspur and Ericsson sign MoU for Cloud, Media and IoT cooperation
2016-07-13 11:00:44| Digital TV News
Inspur and Ericsson have announced that they have signed a Memorandum of Understanding (MoU). With this new agreement, the two companies will expand their collaboration into new business areas such as cloud infrastructure, TV and media, and the Internet of Things (IoT).
Tags: sign
media
cooperation
ericsson
Ericsson, Huawei, Nokia extend OSS interoperability
2016-07-13 08:39:00| Telecompaper Headlines
(Telecompaper) Ericsson has renewed its commitment to the OSS interoperability initiative (OSSii) by signing an extended memorandum of understanding (MoU) with Huawei and Nokia. Initiated by Ericsson, Huawei and Nokia in May 2013, the OSSii promotes interoperability between different OSS vendors' equipment. It aims to enable operators to simplify network operations, reduce overall integration costs and accelerate time-to-market for new services. The new MoU adds Management and Orchestration (MANO) interfaces and IP Multimedia Subsystem (IMS) domains to the original OSSii agreement. MANO is an ETSI-defined framework for the management and orchestration of resources in a cloud data centre. IMS is a core network solution that delivers rich real-time communication services, such as HD voice and Wi-Fi calling, for consumer and business users over any access network and for any device type.
Tags: nokia
extend
oss
ericsson
KDDI taps Ericsson to deliver IoT connectivity to companies
2016-06-30 09:31:00| Telecompaper Headlines
(Telecompaper) Japanese operator KDDI partnered Ericsson to deploy its Ericsson Device Connection Platform (DCP) cloud-based IoT platform. The partnership is meant to provide enhanced connectivity services to KDDI's enterprise customers and support the deployment of IoT products on a global scale. DCP will enable KDDI to offer enterprises IoT connectivity management, subscription management, network connectivity administration and flexible billing services. With DCP, enterprises will be able to deploy, manage and scale IoT connected devices and applications globally. DCP enables customers to capitalise on the global growth of connected devices by offering multinational connectivity, Ericsson said.
Tags: companies
deliver
ericsson
connectivity
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