Monday, 15 October 2018

Ericsson posts challenging financials for Q1 2018

By Chris Kelly, Total Telecom
Friday 20 April 18

The set of financials do show an improvement of 2017's figures, as Ericsson proceeds with its cost reduction programme

Ericsson has revealed a 9 per cent drop in its annual sales revenue to SEK43.4 billion ($5.14 billion), as the company posted a challenging set of financials for the first quarter of 2018.  Ericsson has been implementing a programme of cost cutting measures to try and improve efficiencies within the business and boost profitability…

Ericsson has revealed a 9 per cent drop in its annual sales revenue to SEK43.4 billion ($5.14 billion), as the company posted a challenging set of financials for the first quarter of 2018.  Ericsson has been implementing a programme of cost cutting measures to try and improve efficiencies within the business and boost profitability…

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