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Ericsson’s margins surge as cost-cutting pays off, despite falling sales

Sales at Ericsson slip as cost-cutting pays off. Swedish vendor Ericsson saw its gross margin jump to 34.2%, from 15.7% a year ago, as its continued cost-cutting started to pay off. Revenue slipped 9%, to SEK43.4 billion (US$5bn) in the period. The company said it...

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