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American depositary receipts (ADRs) of Ericsson (ERIC) rose Tuesday after the Swedish telecom company posted a much better-than-expected operating profit and predicted sales would be better in the sec
Ericsson (ERIC) reports a top-line contraction year over year in the first quarter of fiscal 2024 due to sluggish demand trends in the Networks vertical.
Tech stocks appeared poised to struggle for direction early Tuesday after a sharp selloff Monday.
Börje Ekholm, CEO of Ericsson, discusses first-quarter results and the outlook for the telecommunications industry.
Shares of Ericsson climbed on Tuesday after the Swedish telecom group reported a mixed set of results, with higher profit margins in the first quarter of 2024 helping offset a sharp drop in sales.
Swedish telecom equipment maker Ericsson reported on Tuesday a first-quarter adjusted operating profit that beat expectations and said it expects sales to stabilize during the second half of the year
Swisscom selects Ericsson's (ERIC) comprehensive solution suite to modernize its mobile network infrastructure.
Ericsson's (ERIC) wholly-owned subsidiary Vonage is set to deploy its Communications APIs to enhance LEAP's customer service quality and expand its customer reach worldwide.
Ericsson (ERIC) closed at $5.08 in the latest trading session, marking a -1.93% move from the prior day.
Recently, Zacks.com users have been paying close attention to Ericsson (ERIC). This makes it worthwhile to examine what the stock has in store.
Ericsson's (ERIC) wholly-owned subsidiary Vonage launches an Enhanced Noise Cancellation solution with embedded AI to improve audio clarity and enhance customer services across contact centers.
Ericsson layoffs (NASDAQ: ERIC ) are the talk of Wall Street today after one of the world's largest 5G network equipment providers announced it will eliminate 1,200 jobs in Sweden, citing lower sales

Ericsson will cut 1,200 jobs in Sweden

11:39am, Monday, 25'th Mar 2024
Ericsson announced on Monday that it will lay off around 1,200 employees in Sweden as the telecom company faces slowed demand for its 5G equipment.
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.
Ericsson (ERIC) closed at $5.49 in the latest trading session, marking a -1.26% move from the prior day.
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