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.