Ericsson sees net income rise 41% YoY despite sales drop
Fixed NetworksEricsson sees net income rise 41% YoY despite sales dropEricsson sees net income rise 41% YoY despite sales drop
Despite seeing a year on year decline in net sales, Swedish vendor Ericsson has announced a 41 per cent year on year increase in net income for the first quarter of 2014. Net income for the firm stood at SEK1.7bn for 1Q14, compared with SEK1.2bn in 1Q13, while net sales dropped from SEK52bn in 1Q13 to SEK47.5bn in 1Q14.