Ericsson’s (ERIC) subsidiary Vonage recently collaborated with Singtel to aid businesses across the globe to accelerate and drive digital transformation.Vonage specializes in providing cloud communications solutions and is headquartered in New Jersey. The integration of Singapore-based Singtel’s orchestration platform, Paragon, and Vonage's API platform will provide a thriving ecosystem of communications, network and edge APIs to enterprises, telcos and developers globally. This will aid them in delivering ...

Ericsson (NASDAQ:ERIC) layoffs are a hot topic on Thursday as reports claim that the telecommunications giant is preparing to cut jobs.According to a company spokesperson, Ericsson is going to reduce its headcount by more than 200 employees. These job cuts are coming for workers based in its Chinese research and development division.Investors will note that these layoffs were announced shortly after the release of Ericsson’s Q1 earnings report. The company warned of headwinds in this latest report.Here’s wh ...

PLANO, Texas, April 17, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and Nex-Tech Wireless today announce a transformative 5-year network modernization initiative. This groundbreaking initiative underscores Nex-Tech Wireless's commitment to providing unparalleled connectivity solutions to communities across Kansas. Nex-Tech Wireless and Ericsson Keep Kansans Connected (Image for illustrative purposes only) "We are excited to continue our strategic partnership with Ericsson as we remain focused on our mi ...

Key TakeawaysEricsson on Tuesday reported first-quarter operating profit and earnings per share above forecasts as it took steps to offset falling sales.The Swedish telecom company posted a jump in gross margin from the year before.Ericsson's CEO predicted sales will stabilize in the second half of 2024. American depositary receipts (ADRs) of Ericsson (ERIC) rose Tuesday after the Swedish telecom company posted a much better-than-expected operating profit and predicted sales would be better in the second ha ...

Ericsson (ERIC) reported mixed first-quarter 2024 results, wherein the bottom line surpassed the Zacks Consensus Estimate, but the top line missed the same. The company reported a revenue decline year over year, owing to sluggish demand in the Networks Segment. Sharp sales drop in the South East Asia and Oceania region and normalization of 5G investments in India affected the top line. Solid expansion in gross margin backed by strategic cost-saving measures, commercial discipline and a competitive portfolio ...

Company Participants Andreas Joelsson - Carnegie Francois-Xavier Bouvignies - UBS Joachim Gunell - DNB Markets Sandeep Deshpande - JPMorgan Daniel Djurberg - Handelsbanken Capital Markets Joseph Zhou - Barclays Sebastien Sztabowicz - Kepler Cheuvreux Erik Lindholm-Rojestal - SEB Felix Henriksson - Nordea Markets Sami Sarkamies - Danske Bank Richard Kramer - Arete Research As usual, we'll have a short presentation followed by Q&A. And in order to ask a question, you'll need to join the conference by phone. D ...

STOCKHOLM, April 16, 2024 /PRNewswire/ -- First quarter highlights – Driving gross margin improvements and cost efficiencies Sales declined organically[1] by -14% YoY, due to a -19% decline in Networks. Reported sales decreased to SEK 53.3 (62.6) b. Gross income excluding restructuring charges decreased to SEK 22.8 (24.9) b. as lower sales were partly offset by an improvement in gross margin. Reported gross income was SEK 22.7 (24.2) b. Gross margin excluding restructuring charges improved to 42.7% (39.8%) ...

Ericsson (ERIC) recently announced that it has inked a new multi-year agreement with Switzerland’s leading telecommunications provider, Swisscom. Through the recent expansion of longstanding business collaboration, Swisscom is aiming to upgrade its mobile network by leveraging a range of advanced capabilities from Ericsson’s comprehensive portfolio.As the digital landscape continues to evolve across industries, demand for seamless mobile network services continues to surge. The heightened requirements of ne ...

Vonage, the wholly owned subsidiary of Ericsson (ERIC) is deploying Vonage Communication APIs to enhance the customer support capabilities of LEAP, a Singapore-based communication solutions provider. LEAP offers professional contact center services, interactive voice response designer solutions, and social media services to enterprises in the South East Asian region. With the recent collaboration with Vonage, LEAP is aiming to expand its global customer reach.The availability of a robust communication infra ...

SINGAPORE, April 10, 2024 /PRNewswire/ -- Based in Singapore, LEAP, THE HORIZON INFORMATION TECHNOLOGY, has announced it is leveraging Communications APIs from Vonage to expand its global customer reach and scale. Vonage is global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC). LEAP is dedicated to providing a professional contact center, Interactive Voice Response Designer and social media services for Southeast Asian enterpri ...