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Ericsson is once again profitable after it relieved itself of the loss-making mobile phone division by entering a joint venture with Sony.
After which, it focused on core businesses including network infrastructure and various wireless technologies. Today, it also offers airborne, terrestrial, and marine radar systems, plus various products that integrate copper and optical cables, and power networks.
Like most of its peers in the mobile networks industry, Ericsson was bleeding after the telecommunications industry crash in 2000. The Swedish giant laid off thousands of employees worldwide in an attempt to curb losses.
In 2004, Ericsson also shut down its Bluetooth division, and it has no plans to continue design and development around Bluetooth. But the company has said that it will continue to support existing customers and include it in products.
In the Asia-Pacific region, the company remained upbeat on its turnaround, inking a slew of deals last year with various operators, such as Thailand's AIS and China's Guangxi Mobile to expand their cellular networks.
On the outsourcing front, Ericsson's US$400 million outsourcing agreement with India's Bharti Tele-Ventures, showed the expanding cloud of the company in the region. The Swedish company would manage, maintain and provide quality assurance for 13 cellular networks belonging to Airtel, Bharti's mobile phone subsidiary.
This company is listed in
Networking & Communications, Services.
Financials
| Fiscal year-end Dec |
FY05 |
FY04 |
FY03 |
FY02 |
FY01 |
Global full-year
revenue (US$millions) |
— |
17,367.5 |
15,494.3 |
19,183.7 |
30,510.0 |
Global full-year net
income (US$millions) |
— |
2,503.6 |
-1,427.1 |
-2,502.1 |
-2,798.3 |
| Average year-on-year revenue growth over 4 years |
-22.4 % |
| Average year-on-year net income growth over 4 years |
109.7 % |
| Percentage of revenue from Asia |
— |
| Percentage of Asian revenues from channel |
— |
Operations:
| Founded |
Sweden/1876 |
| First Asian office |
— |
| Global employees |
50,534 |
| Employees in Asia |
— |
Asian countries:
Total 10 |
China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam |
| Notes |
Data correct as at September 2005. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites, and Hoover's. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities. |
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