Key TakeawaysEricsson on Tuesday reported first-quarter operating profit and earnings per share above forecasts as it took steps to offset falling sales.The Swedish telecom company posted a jump in gross margin from the year before.Ericsson's CEO predicted sales will stabilize in the second half of 2024. American depositary receipts (ADRs) of Ericsson (ERIC) rose Tuesday after the Swedish telecom company posted a much better-than-expected operating profit and predicted sales would be better in the second ha ...

Ericsson (ERIC) reported mixed first-quarter 2024 results, wherein the bottom line surpassed the Zacks Consensus Estimate, but the top line missed the same. The company reported a revenue decline year over year, owing to sluggish demand in the Networks Segment. Sharp sales drop in the South East Asia and Oceania region and normalization of 5G investments in India affected the top line. Solid expansion in gross margin backed by strategic cost-saving measures, commercial discipline and a competitive portfolio ...

Company Participants Andreas Joelsson - Carnegie Francois-Xavier Bouvignies - UBS Joachim Gunell - DNB Markets Sandeep Deshpande - JPMorgan Daniel Djurberg - Handelsbanken Capital Markets Joseph Zhou - Barclays Sebastien Sztabowicz - Kepler Cheuvreux Erik Lindholm-Rojestal - SEB Felix Henriksson - Nordea Markets Sami Sarkamies - Danske Bank Richard Kramer - Arete Research As usual, we'll have a short presentation followed by Q&A. And in order to ask a question, you'll need to join the conference by phone. D ...

STOCKHOLM, April 16, 2024 /PRNewswire/ -- First quarter highlights – Driving gross margin improvements and cost efficiencies Sales declined organically[1] by -14% YoY, due to a -19% decline in Networks. Reported sales decreased to SEK 53.3 (62.6) b. Gross income excluding restructuring charges decreased to SEK 22.8 (24.9) b. as lower sales were partly offset by an improvement in gross margin. Reported gross income was SEK 22.7 (24.2) b. Gross margin excluding restructuring charges improved to 42.7% (39.8%) ...

Ericsson (ERIC) recently announced that it has inked a new multi-year agreement with Switzerland’s leading telecommunications provider, Swisscom. Through the recent expansion of longstanding business collaboration, Swisscom is aiming to upgrade its mobile network by leveraging a range of advanced capabilities from Ericsson’s comprehensive portfolio.As the digital landscape continues to evolve across industries, demand for seamless mobile network services continues to surge. The heightened requirements of ne ...

Vonage, the wholly owned subsidiary of Ericsson (ERIC) is deploying Vonage Communication APIs to enhance the customer support capabilities of LEAP, a Singapore-based communication solutions provider. LEAP offers professional contact center services, interactive voice response designer solutions, and social media services to enterprises in the South East Asian region. With the recent collaboration with Vonage, LEAP is aiming to expand its global customer reach.The availability of a robust communication infra ...

SINGAPORE, April 10, 2024 /PRNewswire/ -- Based in Singapore, LEAP, THE HORIZON INFORMATION TECHNOLOGY, has announced it is leveraging Communications APIs from Vonage to expand its global customer reach and scale. Vonage is global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC). LEAP is dedicated to providing a professional contact center, Interactive Voice Response Designer and social media services for Southeast Asian enterpri ...

Ericsson (ERIC) closed the latest trading day at $5.08, indicating a -1.93% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.11%. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 1.24%.Heading into today, shares of the telecommunications equipment provider had lost 7.17% over the past month, lagging the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 0.48% in that time.Investors will be eagerly watching f ...

Ericsson (ERIC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this telecommunications equipment provider have returned -2%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Wireless Equipment industry, which Ericsson falls in, has gained 4.3%. The key question now is: What could be the stock's future direction ...

HOLMDEL, N.J., April 3, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has been named Gold Winner for 5G at the Merit Awards for Telecom, for its global network platform. With the Vonage Communications Platform (VCP) and Ericsson's powerful 5G network, Vonage has spearheaded the creation of a global network platform for open innovation, driving revenue benefits to the entire ecosystem - Co ...