STOCKHOLM, July 18 (Xinhua) -- Telecommunications giant Ericsson on Thursday posted a flat sales in the second quarter year over year, which amounted to 55.3 billion Swedish kronor (about 8.4 billion U.S. dollars).
The operating income of Ericsson in the second quarter was reported to be 2.5 billion Swedish kronor, which indicated a decrease compared to 3.3 billion Swedish kronor in the same quarter last year.
According to the report, the performance of the company in the second quarter was negatively impacted by divestments and exiting the telecom and power cable operations.
However, sales of the company in the second quarter, compared to the first quarter this year, had slightly increased by six percent while the income had also risen by 17 percent.
Network sales in the second quarter increased one percent compared to last year due to the strong growth in North America, Latin America, Western and Central Europe, while sales continued to decline in North East Asia.
"North East Asia had another challenging quarter following continued structural decline in GSM investments in China, FX in Japan and lower business activity in South Korea due to spectrum delays," said Hans Vestberg, President and CEO of Ericsson.
"While the macroeconomic situation in Europe remains challenging and the political uncertainty in parts of Region Middle East, such as Egypt, increases, the long-term fundamentals in the industry remain attractive and we are well positioned to continue to support our customers in a transforming ICT market," concluded Vestberg.
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