Ericsson’s profits come in above forecasts

The Swedish telecoms firm Ericsson has signalled its recovery with profits coming in ahead of forecasts by more than 100%, led by the reviving tech market and effective cost cutting.

Ericsson’s profits come in above forecasts

The Swedish telecoms firm Ericsson has signalled its recovery with profits coming in ahead of forecasts by more than 100%, led by the reviving tech market and effective cost cutting.

The firm reported pre-tax profits of 5.5bn crowns (€597m) in the three months to December.

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