Monday, 18 June 2018

Ericsson sees more gloom following dismal Q3

By Nick Wood, Total Telecom
Friday 21 October 16

Vendor expects weaker than normal sales growth in Q4, says revenue will take a hit from a scaled-down services contract in North America.

The gloom surrounding Ericsson shows no signs of abating, after the vendor on Friday said it expects weaker than normal sales growth going into the fourth quarter. The downbeat outlook came as the Swedish kit maker announced it swung to a net loss during the third quarter. Ericsson has been struggling lately as economic weakness in Latin America, Russia, the Middle East…

The gloom surrounding Ericsson shows no signs of abating, after the vendor on Friday said it expects weaker than normal sales growth going into the fourth quarter. The downbeat outlook came as the Swedish kit maker announced it swung to a net loss during the third quarter. Ericsson has been struggling lately as economic weakness in Latin America, Russia, the Middle East…

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