Ericsson has announced a 52% jump in earnings for the fourth quarter of 2005 with net profit rising to SKR8.5 billion (USD1.18 billion) from SKR5.6 billion in the same period of 2004. Its full-year net profit was up 39% to SKR24.3 billion. The company stated that seasonal sales during the festive period and increasing interest in its managed services activity helped boost fourth quarter sales by 16% to SKR45.7 billion, and full-year sales by 15% to SKR151.8 billion. Sales in Latin America grew by 32% in 2005, with North America up 26%, Eastern Europe, Africa and the Middle East up 19%, Asia-Pacific up 10% and Western Europe up 5%. Ericsson said its recent acquisition of Marconi would have a neutral effect on earnings per share in 2006 and contribute positively to its earnings from 2007. Ericsson claims to have supplied 49 of the 91 W-CDMA networks that have been rolled out globally, and installed HSDPA capability for 21 networks in 17 countries.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors