Tag:

Ericsson

AI boom drives up costs, Ericsson misses forecasts

Ericsson reported first-quarter profit slightly below expectations as rising semiconductor costs, driven by surging demand for artificial intelligence, put pressure on margins.

17 Apr 2026-09:35
Ericsson posts strong profit, unveils buyback plan

Swedish telecoms equipment maker Ericsson said on Friday it plans to return 15 billion Swedish crowns ($1.7 billion) to shareholders through share repurchases after reporting quarterly operating earnings that exceeded market expectations.

23 Jan 2026-11:04
Ericsson to cut 1,600 jobs in Sweden

15 Jan 2026-21:09
Nokia joins Ericsson in seeing signs of recovery after mixed results

Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit on cost cuts, and echoed rival Ericsson (BS:ERICAs) in seeing demand recovery in some areas, News.Az reports citing Investing.

17 Oct 2024-13:17