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Ericsson improves underlying margins in Q2, sales up 11%
2015-07-17 08:50:00| Telecompaper Headlines
(Telecompaper) Ericsson reported a strong increase in second-quarter results, helped by currency effects and a pick-up in its main Networks business. Sales increased by 11 percent year-on-year to SEK 60.7 billion. Adjusted for comparable units and currency rates, sales decreased by 6 percent, mainly due to less capacity business in North America. The mobile broadband business in North America stabilized in the quarter, but remained at a lower level than a year ago. The annual decline in North America was partly offset by an increased pace of 4G deployments in China, and sales growth was strong in the Middle East, India and South East Asia. Ericsson also reported strong demand in all regions for professional services, and favourable developments in its OSS and BSS business. Operating profit, excluding restructuring charges, jumped by almost 50 percent from a year ago to SEK 6.3 billion. After the weak first quarter, profitability at the Networks division recovered recovered, driven by increased sales and a positive currency hedge effect. Including SEK 2.7 billion in restructuring charges, mainly for job cuts in Sweden, operating profit fell 11 percent to SEK 3.6 billion, and net profit was down 20 percent to SEK 2.1 billion. Ericsson said it remains on track to achieve SEK 9 billion in cost savings in 2017 compared to 2014. It expects the savings to start showing up in results later this year. The consolidation in the industry continues, both among vendors and customers, creating opportunities and challenges. Therefore we have, during the first half of 2015, accelerated our transformation journey towards becoming a true ICT company. With our ongoing strategic initiatives we are well positioned to continue to create value for our customers in a transforming market.
Tags: up
sales
underlying
ericsson
Optitex improves 3D simulation and sampling tool
2015-07-16 14:05:00| Daily apparel & textile news and comment - from just-style.com
Optitex has introduced a new version of its O/Dev 3D Product Creation Suite featuring improvements in 3D simulation and more life-like digital samples.
Tags: tool
simulation
sampling
improves
F-150 air curtain technology improves aerodynamics and fuel efficiency
2015-07-16 12:55:36| Green Car Congress
Tags: technology
air
efficiency
fuel
CSX 2Q profit improves 5 percent as fuel costs stay low
2015-07-15 00:07:57| Railroads - Topix.net
CSX Corp.'s second-quarter profit improved 5 percent on lower costs, even though the number of shipments the railroad delivered declined slightly. Shares rose as earnings beat analyst expectations, even though revenue dropped 6 percent to $3.06 billion, a steeper decline than Wall Street had expected.
New Advanced Treatment for BOP Control System Fluids Significantly Improves Performance and Safety Following Successful Field Trials
2015-07-14 13:01:00| Offshore Technology
atg UV Technology and Aberdeen-based subsea BOP controls specialists Raisepower have recently carried out pilot trials to prove the effectiveness of UV-disinfection in treating hydraulic fluids used for subsea blow out preventer (BOP) operation.
Tags: system
advanced
control
field
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