Telefonaktiebolaget LM Ericsson (ERIC) has released an update.
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Ericsson’s Q2 2024 financial report reveals a challenging market, with overall sales down by 7% but a strong growth of 14% in North America. Gross margins expanded significantly, driven by higher IPR licensing revenue and cost management, although this was partly offset by increased R&D spending. The company also reported a substantial net loss due to an impairment charge, but highlighted improvements in free cash flow and strategic partnerships for its Global Network Platform.
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