senninha
Joined: Jan 05, 2003
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By THE ASSOCIATED PRESS
Published: February 1, 2006
STOCKHOLM, Jan. 31 — Fourth-quarter earnings at Ericsson, the Swedish maker of wireless telecommunications equipment, soared 52 percent, lifted by increased sales in North America and strong growth in services.
The company, based in Stockholm, reported a net profit for the quarter of 8.5 billion kronor ($1.13 billion) Tuesday, up from 5.6 billion kronor a year earlier. Sales rose 16 percent, to 45.7 billion kronor ($6 billion).
For the year, Ericsson reported net profit of 24.3 billion kronor ($3.18 billion) and sales of 151.8 billion ($19.88 billion), up 15 percent. Ericsson is the world's largest supplier of wireless network equipment.
Ericsson's closely watched gross margin for the quarter dropped, however, to 44.2 percent, from 45.6 percent a year earlier.
Ericsson's revenue growth was driven by an 82 percent rise in North American sales. Ericsson's major competitors Nokia, Motorola and Lucent all have reported declining sales for telecommunications equipment when measured in local currency.
http://www.nytimes.com/2006/02/01/technology/01ericsson.html |
Posted: 2006-02-01 06:24
