The improvement was primarily due to rising IPR licensing revenues and better delivery performance.Įnterprise sales contributed SEK 6.4 billion ($608 million), up 275% from the year-ago quarter’s level of SEK 1.7 billion. Gross margin, excluding restructuring charges, rose marginally to 33.9% from 33.5% in the prior-year quarter. Revenue growth was primarily driven by 5G sales in North America. Net sales from Cloud Software and Services aggregated SEK 15.1 billion ($1.4 billion), up 8% year over year. However, significant sales growth in South East Asia, Oceania and India partially cushioned the top line. A 50% sales decline in North America, induced by inventory adjustments and lower capex spending from operators, led to lower revenues from this segment. The segment’s gross margin declined to 38.4% from 45.1% in the prior-year quarter.
Networks sales were SEK 42.4 billion ($4 billion), down 8% from the year-ago quarter’s figure of SEK 46 billion. The top line missed the Zacks Consensus Estimate of $6,125 million. Declining trends in the Networks segment hurt quarterly net sales. Healthy traction in Enterprise, Cloud Software and Services vertical cushioned the top line. However, net sales declined 9% year over year when adjusted for foreign exchange. Revenues increased to SEK 64.4 billion ($6,118 million), up 3% year over year compared with SEK 62.5 billion reported in the prior-year quarter. Ericsson Price, Consensus and EPS SurpriseĮricsson price-consensus-eps-surprise-chart | Ericsson Quote Revenues
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