Advertisement
New Zealand markets closed
  • NZX 50

    11,836.04
    -39.31 (-0.33%)
     
  • NZD/USD

    0.5928
    +0.0008 (+0.14%)
     
  • NZD/EUR

    0.5545
    +0.0003 (+0.06%)
     
  • ALL ORDS

    7,900.00
    +39.00 (+0.50%)
     
  • ASX 200

    7,644.30
    +38.70 (+0.51%)
     
  • OIL

    82.79
    +0.10 (+0.12%)
     
  • GOLD

    2,391.70
    +3.30 (+0.14%)
     
  • NASDAQ

    17,493.62
    -220.04 (-1.24%)
     
  • FTSE

    7,847.99
    +27.63 (+0.35%)
     
  • Dow Jones

    37,753.31
    -45.66 (-0.12%)
     
  • DAX

    17,770.02
    +3.79 (+0.02%)
     
  • Hang Seng

    16,436.77
    +184.93 (+1.14%)
     
  • NIKKEI 225

    38,143.20
    +181.40 (+0.48%)
     
  • NZD/JPY

    91.3670
    +0.0790 (+0.09%)
     

How Ericsson Aims to Cut Costs

How Ericsson Aims to Cut Costs

Ericsson (ERIC) aims to cut costs and improve profit margins over the next two fiscal years to achieve an operating margin of 10% by fiscal 2020 and 12% post-2020. Ericsson has identified 42 non-strategic contracts in its Managed Services business segment. In the Digital Services business, Ericsson’s product roadmaps and project delivery have stabilized.