Ericsson reports third quarter results 2015
THIRD QUARTER HIGHLIGHTS · Reported sales increased by 3% YoY. Sales, adjusted for comparable units and currency, decreased by -9% due to lower sales in Networks. This was partly offset by sales growth in Professional Services. · The mobile broadband business in North America remained stable QoQ, but at a lower level compared to the same period last year. · Reported sales in Networks declined sequentially impacted by a slowdown of the 4G deployments in Mainland China. · Gross margin declined YoY to 33.9% (35.2%). Excluding restructuring charges, gross margin decreased to