BROWSING: Q1 2018
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...