STOCKHOLM, Oct 14, 2025 (BSS/AFP) – Swedish telecom giant Ericsson reported Tuesday a sharp rise in quarterly net profit due to cost cuts and an asset sale. Ericsson's profit after tax nearly tripled to 11.3 billion kronor ($1.2 billion) in the third quarter. Sales fell nine percent to 56.2 billion kronor, meeting expectations of analysts surveyed by FactSet, a financial data firm. The company said "operational excellence and cost efficiency actions" drove margins to "strong sustainable levels". It also made a one‑off gain of 7.6 billion kronor from its sale of US services unit Iconectiv. Investors are looking for signs of a rebound in sales at major telecom equipment makers, which have been hit by slower client investment in India and weak activity in North America.

Ericsson net profit nearly triples in third quarter

Swedish telecom company Ericsson reported that its net profit after tax nearly tripled to 11.3 billion kronor in the third quarter of 2025. The jump was driven by cost‑cutting measures and a one‑off gain of 7.6 billion kronor from the sale of its US services unit Iconectiv, while sales fell 9 % to 56.2 billion kronor.