Tag Archives: Ericsson’s Cost Cutting Regime

Ericsson’s Cost Cutting Regime Helps It Meet Forecasts

Swedish mobile gear maker Ericsson said it is ready to cut more costs if needed after lower expenses, patent fees and a sales recovery in China helped it meet forecasts for quarterly operating profit on Wednesday. Ericsson’s focus on lifting profits by paring costs comes as demand in its biggest markets shifts to upgrades of existing capacity rather than building ... Read More »