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Ericsson reported a near-tripling of its third-quarter net profit, boosted by a significant one-time gain from the sale of its iconectiv business, even as revenue declined.
Ericsson has finalized the sale of its iconectiv business to Koch Equity Development, completing a divestment aimed at sharpening its focus on its core telecommunications network equipment business.
Ericsson swung to a second-quarter profit as cost-cutting measures boosted margins, even as the Swedish telecommunications-equipment maker's revenue declined.
| 25 Jan 2012 |
| ST-Ericsson reports fourth quarter 2011 financial results | 23 Jan 2012 |
| Ericsson : Ericsson appoints Ulf Ewaldsson new CTO | 20 Jan 2012 |
| Sony Ericsson reports fourth quarter and full year 2011 results | 19 Jan 2012 |
| Loss in Sony Ericsson impacts Ericsson's fourth quarter results | 19 Jan 2012 |