Telefonaktiebolaget LM Ericsson - Company Profile
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View moreTelefonaktiebolaget LM Ericsson (Ericsson) is a provider of networking and telecommunications products and services. The company focuses on delivering services, software, and infrastructure in the mobility, broadband, and cloud sectors. Ericsson's major offerings include network infrastructure for mobile and fixed communication, such as 2G, 3G, 4G, and 5G radio networks, as well as IP core and transport networks. Its service portfolio spans Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platforms, and Intellectual Property Rights (IPR) licensing. The company serves telecom operators and other businesses, enhancing their operational efficiency through its products and services. It also offers learning services, support services, network roll-out, device and network testing, core and cloud consulting, and digital transformation consulting services. Ericsson's solutions are distributed through five geographical market areas, including Americas, Europe, the Middle East and Africa, Southeast Asia, Oceania, and North East Asia. Ericsson is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Torshamnsgatan 21, Stockholm, 16483
Website
www.ericsson.com
Telephone
46 10 7190000
No of Employees
87,521
Industry
Technology and Communications
Ticker Symbol & Exchange
ERIC B (STO)
Revenue (2024)
$24.1B
-4.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
142040%
(2024 vs 2023)
Market Cap*
$39.2B
Net Profit Margin (2024)
XYZ
120,000.0%
(2024 vs 2023)
* As of and is in US$
Telefonaktiebolaget LM Ericsson premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Networks: | Network Deployment Services | Ericsson |
| Ericsson Radio System | Open RAN Services | |
| Ericsson Cloud RAN | Managed Network Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company announced that its new radio solution was selected by Yas Tanzania to support the performance of its mobile network. |
| 2026 | Contracts/Agreements | In June, Ericsson Japan K.K signed a partnership with SoftBank Corp. and Fukuoka SoftBank Hawks Corp., to hold H.E.R.O Lab, a robotics education program for children. |
| 2026 | Plans/Strategy | In June, the company announced its plans to open Digital Arena Sweden for SEK300 million. |
Competitor Comparison
| Key Parameters | Telefonaktiebolaget LM Ericsson | Accenture Plc | International Business Machines Corp | Oracle Corp | Cisco Systems Inc |
|---|---|---|---|---|---|
| Headquarters | Sweden | Ireland | United States of America | United States of America | United States of America |
| City | Stockholm | Dublin | Armonk | Austin | San Jose |
| State/Province | Stockholm | - | New York | Texas | California |
| No. of Employees | 87,521 | 779,000 | 286,800 | 162,000 | 86,200 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Borje Ekholm | Director; President; Chief Executive Officer | Executive Board | 2017 | 64 |
| Scott Dresser | Senior Vice President; Chief Legal Officer; Secretary; Director | Executive Board | 2022 | 60 |
| Lars Sandstrom | Chief Financial Officer; Senior Vice President | Senior Management | 2024 | 55 |
| Chris Houghton | Chief Operating Officer; Senior Vice President | Senior Management | 2023 | 61 |
| Erik Ekudden | Senior Vice President; Chief Technology Officer | Senior Management | 2018 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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