Ericsson Chief Departs After Profit Plunge

Ericsson CEO Hans Vestberg is stepping down as the Swedish telecom-equipment maker struggles with slowing demand and fierce competition.

BING NEWS:
  • Ericsson sees sales stabilising soon after Q1 profit beat
    Ericsson said on Tuesday it expects sales to stabilise in the second half of 2024 amid signs some customers are looking to spend again, as the telecoms equipment maker beat first-quarter profit ...
    04/15/2024 - 11:41 pm | View Link
  • Ericsson sees sales stabilising soon after Q1 profit beat
    "There is still uncertainty in the market, and that we try to highlight as well," Chief Financial Officer ... Ericsson's operating profit excluding restructuring charges rose unexpectedly to ...
    04/15/2024 - 11:41 pm | View Link
  • Ericsson's Q1 profit grows unexpectedly, eyes stabilisation of sales in H2
    Telecom equipment maker Ericsson has today posted a first-quarter adjusted profit that beat expectations and said sales might stabilise in the second half of the year despite weak demand for 5G gear.
    04/15/2024 - 9:45 pm | View Link
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