{"id":22011,"date":"2016-04-21T11:52:25","date_gmt":"2016-04-21T11:52:25","guid":{"rendered":"http:\/\/www.businesscloudnews.com\/?p=250252"},"modified":"2016-04-21T11:52:25","modified_gmt":"2016-04-21T11:52:25","slug":"ericsson-restructures-to-prioritize-cloud-market-segments","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/ericsson-restructures-to-prioritize-cloud-market-segments\/","title":{"rendered":"Ericsson restructures to prioritize cloud market segments"},"content":{"rendered":"

\"Ericsson<\/a><\/p>\n

Swedish networking giant Ericsson accompanied its Q1 2016 numbers with a new company structure and a reshuffle of the executive leadership team, writes\u00a0Telecoms.com<\/a>.<\/p>\n

The top-line numbers were pretty much flat year-on-year, as you can see from the table below, with a strong quarter for IPR and licensing revenue offset by a weak macroeconomic environment in emerging markets. Telecoms.com spoke to Ericsson CFO Jan Frykhammar to get the inside view.<\/p>\n

\u201cOur quarter had its challenges and strengths as always,\u201d he said. \u201cWe have a weak macroeconomic environment in some parts of the world, mainly emerging markets. While this is nothing strange after many quarters, even years, of challenges on the macro side, driven by things like oil price and other factors, it\u2019s tough for many of our customers to keep up their investment levels. And then we have lower mobile broadband activity in Europe at the back end of this quarter, including one big customer project that has been completed.<\/p>\n

\u201cSo we focus on doing everything we can to take care of the things we can control. We continue to deliver on the cost and efficiency programme and we are adding additional measures related to lower volumes. So we\u2019re adapting the company to a challenging environment.\u201d<\/p>\n

The restructure essentially splits the company more clearly into its core, legacy, networks business and the areas it has been openly targeting<\/a> for growth, as follows:<\/p>\n