UPDATE: Ericsson (ERIC) Grows EPS, Revenue in Q2

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Go back to UPDATE: Ericsson (ERIC) Grows EPS, Revenue in Q2

Ericsson reports second quarter results 2022

July 14, 2022 1:52 AM EDT

STOCKHOLM, July 14, 2022 /PRNewswire/ -- 

Second quarter highlights

Group organic sales grew by 5% YoY driven primarily by Networks in North America and Europe. Reported sales were SEK 62.5 (54.9) b.Reported gross income increased to SEK 26.3 (23.9) b. driven by higher sales. Gross margin was 42.1% (43.4%) impacted by lower IPR revenues of SEK 0.9 b YoY and supply chain cost, partly offset by timing of software sales in a large contract and underlying improvements.Reported EBIT amounted to SEK 7.3 (5.8) b. as a result of higher... More