Nokia shareholders ushered in a new chapter for the company this week after they agreed to the sale of the devices and services unit to Microsoft and essentially gave the green light for a future based on networks. Like Ericsson, the Finnish company will no doubt have taken heart from Vodafone's stated intention to maintain high levels of network investment over the next two years and maybe beyond.
Vodafone CEO Vittorio Colao's comments that the operator has "beautiful assets" made amusing headlines, but Colao was also making a serious point: while his focus is on expanding the company's networks, Colao said he would be open to a buyer if they were interested enough.
Ericsson reported a bigger decline in profit than analysts expected in the first quarter of 2013, but the Swedish equipment manufacturer said the quarter was in line with its own expectations and expects softer areas of development to balance out over the year.
Ericsson surprised analysts by reporting fourth-quarter sales figures above estimates helped by North American orders rising sharply to €1.97 billion the fourth quarter, a 51 per cent increase. overall net sales grew 5 per cent year-over-year to €7.77 billion.
Ericsson reported that its net profit declined 43 percent in the third quarter as weaker network sales and cautious operator spending weighed down its results. Slimmer profits from large-scale network modernization projects weakened the company's margins, and weaker sales in key regions depressed earnings, but the Swedish vendor got a boost from strong North American sales.
Ericsson reported weaker sales and a sharper than expected drop in second-quarter profit as carriers cut back on networks sales. However, the Swedish vendor said that it expects results to improve toward the end of the year.
Ericsson surprised the market by announcing a 66 percent slump in fourth-quarter net profit of €170.3 million, down from around €499 million in the year-ago period. The Swedish vendor put
Ericsson (NASDAQ:ERIC) reported a 66 percent drop in net profit as the company confronted tepid operator spending and declining North American sales, particularly for CDMA products. Nevertheless, the
Ericsson cautioned that its fourth-quarter profits from infrastructure sales would be impacted by lower-margin sales. The world's largest network equipment vendor said it believes that a global
Ericsson (NASDAQ:ERIC) reported stronger profit and sales in the third quarter than analysts had expected, but sales in North America, which accounted for around 22 percent of the company's total