VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Ericsson has published financial results for the second quarter

admin by admin
June 10, 2020
in IT news
0
Ericsson has published financial results for the second quarter
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Ericsson has published financial results for the second quarter| 17.07.2019

Ericsson опубликовала финансовые результаты второго квартала

Ericsson has presented the financial results for the second quarter of 2019. In General, the dynamics is positive, but it is expected that the costs associated with new contracts for the network
business will affect the margin in the second half of the year.

The company’s sales rose 7 percent to 54.8 billion Swedish kronor against 49.8 billion in the second quarter of 2019. Gross margin also increased to 36.6% against 34,8% in the same period last
year. At this margin excluding restructuring costs remained unchanged – at the level of 36.7 per cent.

Gross margin units of the networks excluding restructuring costs increased to 41.4% vs 40.2%.

According to the obtained results, the reduction of profits in a series of five previous quarters finally stopped. Earlier, shares of Ericsson fell by 7.1 percent to 83,98 kronor in early trading. On
the moment the income from core activities rose to 3.7 billion Swedish crowns versus 0.2 billion a year earlier. The operating margin reached 6.8 percent against 0.3 percent.

The increase in operating income excluding restructuring costs amounted to 3.9 billion vs 2 billion in the second quarter of 2018, and the increase in the operating margin excluding restructuring costs –
7% vs 4.1%.

Net profit for the reached 1.8 billion Swedish kronor against a loss of 1.8 billion in the second quarter of 2018.

The President and CEO of Ericsson, Borje Ekholm tied sales growth of 7%, compared to the second quarter of last year, with contracts deployment technologies
5G and launch of networks in commercial operation in North America and northeast Asia.

In the future, the company plans to enter into new strategic agreements and to continue to improve the coverage of 5G networks in different parts of Asia. She acknowledges that, of course, it will affect
margin, but will strengthen its positions in the long term, as investments in new technology and market development, especially in the segment 5G, automation and artificial intelligence will play
a key role in ensuring the competitiveness of companies for many years. These investments are part of strategy, Ericsson 2020 and 2022.

The company’s equipment is used in 15 5G networks, launched in commercial operation. Some analysts believe that Ericsson would benefit from the current unrest surrounding Huawei,
but the financial Director of the company said that so far have seen no effect.

the financial results of companies

Journal: Journal IT-News, Subscription to magazines

Ericsson

Previous Post

Experian has summed up the results of the first quarter of the financial year 2019/2020

Next Post

Insight Enterprises acquires PCM

admin

admin

Related Posts

Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…
IT news

Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

January 25, 2023
helpchildreninukraine
IT news

Need for reform in juvenile justice legislation in Ukraine

January 25, 2023
Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation
IT news

Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation

January 25, 2023
Next Post
Insight Enterprises acquires PCM

Insight Enterprises acquires PCM

Premium Content

(UPDATED) Echo Combat beta returns this weekend with group support

(UPDATED) Echo Combat beta returns this weekend with group support

January 23, 2022
Kiev railway station and a little platform with green branches. Is the new Apple Watch was filmed in the capital of Ukraine

Kiev railway station and a little platform with green branches. Is the new Apple Watch was filmed in the capital of Ukraine

June 26, 2020
Telegram creator criticizes Apple for having unclear review policies

Telegram creator criticizes Apple for having unclear review policies

September 12, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • The advantages of dedicated servers: cost, performance, security
  • Different types of proxies and their benefits for online security
  • Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?