Ericsson Posts Increased Operating Income, Plans Accelerated Investments in Digital Services
Ericsson, a global technology company with operations in Nigeria, has released its second quarter results 2020, recording increased operating income, excluding restructuring charges, to reach 8.2 per cent
Its gross margin excluding restructuring charges improved to 38.2 per cent, including the earlier communicated inventory write-down related to Mainland China, which equals to 1.6 percentage points.
Networks sales increased by four per cent Year-on-Year (YoY).
Networks operating margin excluding restructuring charges was 14.1 per cent, impacted by strategic contracts and the inventory write-down, partly compensated by operational leverage and a favorable business mix…
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