Ericsson posts solid results

Publié le 23 octobre 2005 par Arnal

Ericsson posts solid 3Q05 financial results in the quarter with sales up 14% to $4.6bn and net income of $ 675m vs $560 a year earlier. Gross margin slipped 2 points to about 45% and operating margin rose 1 point to 21.6%. Sales breakdown by geography is as follow: WE contribute with $1.22bn (-2%), EMA with $1.17bn (+8%), LATAM with 0.5bn (+ 40%), NA with $570m (+35%) and APAC with $1bn (+20%).