Ericsson (NASDAQ: ERIC) reported Q4 EPS of SEK1.71, versus SEK2.42 reported last year. Revenue for the quarter came in at SEK68 billion, versus SEK67 billion reported last year.

Q4 Commentary:

• The sales growth YoY was mainly driven by the Middle East, Europe and Asia, offset by sales decline in North America.
• Gross margin increased YoY to 36.6% with improved margins across all segments despite normal high share of project completions in the quarter.
• Operating income improved to SEK 6.3 b. driven primarily by higher software sales and efficiency enhancements. Increased operating expenses, and losses related to currency hedge contracts, impacted operating income negatively.

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