Thursday, 21 September 2017

Ericsson profits up as some markets perform better than others

By Mary Lennighan, Total Telecom
Wednesday 27 January 16

Swedish equipment maker says profit hike driven by IPR revenues and lower opex.

Ericsson on Wednesday posted a strong set of financials for the fourth quarter of last year, buoyed by positive results in India, Indonesia and Mexico, and by 4G sales in China. The Swedish equipment maker posted net sales of 73.6 billion kronor (€7.9 billion) in the three months to the end of December, up by 8% year-on-year. Its operating income grew by 75% to SEK11 billion (&euro…

Ericsson on Wednesday posted a strong set of financials for the fourth quarter of last year, buoyed by positive results in India, Indonesia and Mexico, and by 4G sales in China. The Swedish equipment maker posted net sales of 73.6 billion kronor (€7.9 billion) in the three months to the end of December, up by 8% year-on-year. Its operating income grew by 75% to SEK11 billion (&euro…

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