The Latest in IT Security

Ericsson second-quarter sales, operating profit beat forecast


Mobile telecom gear maker Ericsson posted second-quarter sales and operating income above expectations on Friday as sales picked up at its key networks unit thanks to growth in the Middle East, China, the United States and India. In China, Ericsson is selling gear for a massive rollout of fourth generation mobile gear, and is also getting a boost from capacity upgrades in developed markets where telecom operators compete for clients by offering top-notch networks to cope with a surge in mobile data traffic. “After a slow start of the year, we are executing on previously awarded 4G/LTE contracts in Mainland China and Taiwan,” Ericsson Chief Executive Hans Vestberg said in a statement, repeating that key contracts won by the group would boost revenue during the second half of the year. Sales at Ericsson, the world number one mobile network equipment maker, were 54.8 billion crowns against a forecast of 52.5 billion, and inched down by 1 percent from the year-ago quarter on a comparable basis.

Comments are closed.



Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...



Latest Comments