Ericsson reports third quarter results 2017
THIRD QUARTER HIGHLIGHTS · Reported sales decreased by -6% YoY. Sales adjusted for comparable units and currency declined by -3%. · Networks sales declined by -4% YoY. Sales adjusted for comparable units, currency and the rescoped managed services contract in North America, increased slightly. · Gross margin was 25.4% (28.3%). Adjusted1) gross margin was 30.0% (29.4%) driven by increased adjusted1) gross margin in Networks. · Operating income was SEK -4.8 (0.3) b. Adjusted1) operating income declined to SEK 0.0 (1.6) b. Higher amortization than capitalization of development