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Ericsson improves margins as sales slow in Q3

2015-10-23 08:40:00| Telecompaper Headlines

(Telecompaper) Ericsson reported improving margins and profits in the third quarter, as its efficiency programme helped offset weak sales. Revenues increased 3 percent year-on-year to SEK 59.2 billion, but were down 9 percent on an organic basis due to lower sales in Networks. This was partly offset by sales growth in Professional Services. A higher share of services in the revenue mix led to a drop in the adjust gross margin, to 34.5 percent from 35.5 a year ago. The operating margin, excluding restructuring costs, improved though, to 10 percent from 7 percent a year earlier, thanks to lower costs. Ericsson said its Network Rollout business, within Global Services, also reached breakeven. Net profit rose to SEK 3.1 billion from SEK 2.6 billion in Q3 2014, and operating cash flow returned to a positive SEK 1.6 billion after a negative SEK 1.4 billion a year ago. 

Tags: sales slow ericsson improves

 

Loro Piana project improves cashmere quality

2015-10-19 17:22:00| Daily apparel & textile news and comment - from just-style.com

A cashmere breeding programme led by Italian luxury brand Loro Piana to improve the quality of cashmere available industry-wide, is being expanded to new areas of Inner Mongolia and Xinjiang.

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Networked Protection System improves critical asset reliability.

2015-10-19 14:31:08| Industrial Newsroom - All News for Today

As stand-alone machinery protection solution, CSI 6500 ATG lets users introduce prediction monitoring of critical assets from same system. Multi-functional cards can be reconfigured for a wide range of measurements, including impacting or peak-to-peak data used in PeakVue™ technology. In addition to monitoring start-up and coastdown of critical turbo machinery for safe operation, users can utilize PeakVue technology to identify early indications of developing faults in gearboxes and bearings.

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The Witcher 3s latest patch improves the frame rate on PS4, hurts it on Xbox One

2015-10-16 16:43:33| Extremetech

While The Witcher 3: Wild Hunt has been an unqualified success both critically and financially, the game has suffered from some performance issues since its launch back in May. Thankfully, the most recent patch (1.10) smooths out the vast majority of the frame rate issues on the PS4.

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Meat Market Update | Cutout continues decline, volume improves

2015-10-14 16:27:00| Beef

The Comprehensive Choice Cutout continued to decline and we are definitely following last year's late summer plunge, but at least the volume of sales is starting to improve. By Ed Czerwien, USDA Market News Reporter read more

Tags: market volume update continues

 

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