Strong Q3 Turnaround for Ericsson

12 days ago

Khloe Mele

"so it reported this morning a big jump in third quarter profit and a lot of that had to do with the sale of its core routing business I connective. Um it also said that the margins were healthy so that the gross margin forecast came in ahead of expectations and then in addition to that it also signed a 5-year programmable network deal with Vodafone. So that was another boost as well. So analysts said this was a quarter of strong profitability and that despite end markets being quite tough for Ericson it was able to kind of execute strongly in that environment."

Ericsson posted a robust Q3 performance driven by the sale of its core routing business and a strategic 5-year programmable network deal with Vodafone, leading to healthy margins and an improved gross margin forecast amid a challenging market environment.

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