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Ericsson


Ericsson is one of the world's leading providers of telco equipment and related services to mobile and fixed network operators.

The Swedish mobile-infrastructure and networking giant was founded in a telegraph equipment repair shop by Lars Magnus Ericsson in 1876, and its headquarters is in Stockholm, Sweden.

The company's global headcount is now 74,011 and it is ranked 289th on the 2008 Fortune Global 500.

Aside from core businesses in network infrastructure and various wireless technologies, Ericsson has also expanded to offer airborne, terrestrial and marine radar systems, plus various products that integrate copper and optical cables, and power networks.

Over 1,000 networks in 140 countries use Ericsson network equipment and 40 percent of all mobile calls are made through the company's systems.

For the third quarter of 2008 ended Sep. 30, Ericsson posted a 28 percent year-on-year drop in profit to 2.8 billion kronor (US$377.2 million) from 4 billion kronor (US$538.8 million).

This company is listed in Networking & Communications, Services.



Financials
Fiscal year-end December FY08 FY07 FY06 FY05 FY04
Global revenue (US$millions) — 28,972.1 26,290.1 19,265.8 19,706.5
Global full-year net income (US$millions) — 3,415.2 3,865.0 3,075.5 2,663.3
Average year-on-year revenue growth over 4 years 14.81%
Average year-on-year net income growth over 4 years 9.84%
Percentage of revenue from Asia (including Japan/Korea) 29%

Operations
Founded 1876 Sweden
First Asian office —
Global employees 74,011
Global employees in Asia 13,120
Asian economies: Total 10 China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam

* Data correct as of October 2008. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites and financial news sites. 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.

ZDNet Asia Top Tech categories
Systems  |   Networking and communications  |   Storage management  |   Security  |   Software infrastructure  |  
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