Ericsson’s losses narrow, North American business ramping up

Ericsson reported first-quarter results that appeared to cheer investors, sending the company’s Swedish shares up after the news. Importantly, the company’s losses narrowed, an indication that CEO Börje Ekholm’s aggressive cost-cutting efforts—which have included the reduction of thousands of jobs during the past several quarters—are beginning to help Ericsson return to profitability.

Written by Developer on April 20, 2018
Posted Under: Uncategorized