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Ericsson improves underlying margins in Q2, sales up 11%
2015-07-17 08:50:00| Telecompaper Headlines
(Telecompaper) Ericsson reported a strong increase in second-quarter results, helped by currency effects and a pick-up in its main Networks business. Sales increased by 11 percent year-on-year to SEK 60.7 billion. Adjusted for comparable units and currency rates, sales decreased by 6 percent, mainly due to less capacity business in North America. The mobile broadband business in North America stabilized in the quarter, but remained at a lower level than a year ago. The annual decline in North America was partly offset by an increased pace of 4G deployments in China, and sales growth was strong in the Middle East, India and South East Asia. Ericsson also reported strong demand in all regions for professional services, and favourable developments in its OSS and BSS business. Operating profit, excluding restructuring charges, jumped by almost 50 percent from a year ago to SEK 6.3 billion. After the weak first quarter, profitability at the Networks division recovered recovered, driven by increased sales and a positive currency hedge effect. Including SEK 2.7 billion in restructuring charges, mainly for job cuts in Sweden, operating profit fell 11 percent to SEK 3.6 billion, and net profit was down 20 percent to SEK 2.1 billion. Ericsson said it remains on track to achieve SEK 9 billion in cost savings in 2017 compared to 2014. It expects the savings to start showing up in results later this year. The consolidation in the industry continues, both among vendors and customers, creating opportunities and challenges. Therefore we have, during the first half of 2015, accelerated our transformation journey towards becoming a true ICT company. With our ongoing strategic initiatives we are well positioned to continue to create value for our customers in a transforming market.
Tags: up
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ericsson
Sales Down at CCA
2015-07-17 07:00:00| Happi Breaking News
Company is moving facility in New Jersey.
Southern California home sales hit highest level since 2006
2015-07-17 05:57:21| Real Estate - Topix.net
Home sales across Southern California jumped 18 percent in June from a year ago, reaching their highest level since the summer of 2006 and indicating that the long-awaited residential real-estate market comeback is gaining traction, a tracking firm said Thursday. Sales rose by double digits percentage-wise in all six counties last month, said CoreLogic, and it was the biggest year-over-year jump in three years.
Windstream, Comcast Sales Vet Joins Telarus
2015-07-17 03:36:49| Telecom - Topix.net
Mike Bettilyon takes over as the master agent's regional sales director for the Mountain West. He'll be tasked with recruiting new partners and helping existing Telarus partners expand their businesses.
June Retail Sales May Not Foreshadow Q3 2015 Reports From Kohl's And Whole Foods Market
2015-07-16 18:26:42| Grocery - Topix.net
It's doubtful that June Retail Sales will prove to be any "canary in the coalmine" as some bearish sentiment surrounding the lagging strength in retail sales persists. Based on the chart below, monthly retail sales results continue to bear out uneven results.
Tags: june
sales
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