Ericsson
Ericsson beats quarterly core profit estimates, shrugs off tariffs
The Swedish group outperformed rivals in winning US contracts
Ericsson's Q2 profit beats expectations, says North America growth was good
Operating profit excluding restructuring charges was 7.0 billion crowns against a year-earlier loss of 11.9 billion
Ericsson expands manufacturing in India to make antennas
The company expects to export a significant portion of the antennas manufactured in India after meeting domestic needs
Ericsson beats estimates as North America returns to growth
ERICSSON earnings beat analysts’ expectations in the third quarter, as the Swedish telecom equipment returned to growth in the US.
Ericsson gets new 5G contract from India's Bharti Airtel: sources
Its revenue next year may receive a boost, after a decline in India contracts in the first half of 2024
Ericsson reaches deal to sell US firm to Koch unit
SWEDISH telecom equipment maker Ericsson reached a US$1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch.
Ericsson earnings beat estimates on cost cutting in tough market
ERICSSON earnings beat analysts’ expectations in the second quarter, helped by cost cutting measures to counter what the Swedish company called a “challenging market environment”.
Ericsson to book 11.4 billion Swedish crowns impairment on weaker outlook for Vonage
MOBILE telecoms equipment maker Ericsson said on Wednesday (Jul 3) it will record a non-cash impairment charge of 11.4 billion Swedish crowns (S$1.5 billion) in the second quarter of 2024, the second ...
Ericsson’s Q1 profit grows unexpectedly, eyes stabilisation of sales in H2
TELECOM equipment maker Ericsson reported on Tuesday (Apr 16) a first-quarter adjusted profit that beat expectations and said sales might stabilise in the second half of the year despite weak demand f...
Ericsson to lay off 1,200 staff in Sweden as 5G spending slows
ERICSSON on Monday (Mar 25) said it would lay off about 1,200 employees in Sweden as part of cost-cutting measures announced earlier this year as customers reduce their spending on 5G gear.
