Ericsson reported Q3 revenues of SEK47.8bn, corresponding to a decrease of 6.4% yoy on a reported basis, while on a comparable basis (comparable units and currency) the decline was 3%. North America (-10%), North East Asia (-9% and Europe & Latin America (-6%) were the biggest down-movers, while the Middle East & Africa was almost flat. By business unit, Networks fell by 4.1% yoy (SEK35.5bn), IT & Cloud by 12.4% (SEK10.3bn) and Media by 13.2% (SEK2bn). The gross margin came in at
20 Oct 2017
Networks stabilising at last, but be wary of too much optimism
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Networks stabilising at last, but be wary of too much optimism
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
20 Oct 2017 -
Author:
Charles Bordes -
Pages:
3
Ericsson reported Q3 revenues of SEK47.8bn, corresponding to a decrease of 6.4% yoy on a reported basis, while on a comparable basis (comparable units and currency) the decline was 3%. North America (-10%), North East Asia (-9% and Europe & Latin America (-6%) were the biggest down-movers, while the Middle East & Africa was almost flat. By business unit, Networks fell by 4.1% yoy (SEK35.5bn), IT & Cloud by 12.4% (SEK10.3bn) and Media by 13.2% (SEK2bn). The gross margin came in at