Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Ericsson AB
  6. News
  7. Summary
    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ericsson : to launch subscription service for remote office

05/04/2021 | 03:30am EDT
An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai

STOCKHOLM (Reuters) - Sweden's Ericsson on Tuesday unveiled a subscription service for remote working in North America that would allow employees of small businesses to start working from home in minutes with access to licensed apps, cloud storage and security tools.

The company, known for selling telecom equipment to phone companies, has been benefiting from the sale of 5G gear and is now looking to diversify into other business areas.

A business customer can buy applications from a marketplace, access the platform from any device and would not need a dedicated IT technician to set up the system.

Not only can one activate workers in minutes, they can decide which employees can get access to certain apps or capabilities, said Åsa Tamsons, head of business area technologies and new businesses.

And subscription starts at around $100 per employee, per month, she said.

Ericsson has tied up with various companies to offer access to business applications such as Microsoft Office suite to cloud-based graphic design software.

However, the company is expected to face competition from smaller companies offering remote desktop products to big tech companies such as Microsoft and Cisco selling software catering to remote working.

The total addressable market in the U.S. for virtual workspaces is about $90 billion, representing about 40% of the workforce, Ericsson estimated.

The pandemic has led to a majority of employees working from home, creating challenges for companies in providing IT support to workers and securing its networks.

Ericsson said it has partnered with technology services distributor Telarus to sell subscriptions for the platform.

The company started working on the service with two employees in March 2020 and later added more than 100 workers and has bought a virtual desktop company, Tamsons said.

(Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; editing by Jason Neely)


© Reuters 2021
All news about ERICSSON AB
05/10SAMSUNG ELECTRONICS  : Ericsson and Samsung sign global patent license agreement
AQ
05/07GLOBAL MARKETS LIVE : Square, Adidas, Peloton Interactive...
05/07TODAY ON WALL STREET : Lower-than-expected job growth doesn’t faze investors  
05/07TELEFONAKTIEBOLAGET LM ERICSSON  : Ericsson Settles Patent Dispute With Samsung,..
MT
05/07TODAY'S ANALYST RECOMMENDATIONS : Adidas, Etsy, Hammerson, Fox, Sun Life Financi..
05/07TELEFONAKTIEBOLAGET LM ERICSSON  : Ericsson and Samsung ink deal to end global p..
AQ
05/07Ericsson settles patent dispute with Samsung
RE
05/07SAMSUNG ELECTRONICS  : Ericsson, Samsung Ink Cross-Licensing Deal To Settle Inte..
MT
05/07TELEFONAKTIEBOLAGET LM ERICSSON  : Ericsson and Samsung sign global patent licen..
AQ
05/06NOVOTEK AB : Kommuniké från årsstämma
DJ
More news
Financials
Sales 2021 240 B 28 779 M 28 779 M
Net income 2021 18 410 M 2 207 M 2 207 M
Net cash 2021 26 725 M 3 204 M 3 204 M
P/E ratio 2021 20,7x
Yield 2021 1,83%
Capitalization 382 B 45 921 M 45 800 M
EV / Sales 2021 1,48x
EV / Sales 2022 1,34x
Nbr of Employees 101 113
Free-Float 89,9%
Chart ERICSSON AB
Duration : Period :
Ericsson AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ERICSSON AB
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 132,19 SEK
Last Close Price 114,72 SEK
Spread / Highest target 30,8%
Spread / Average Target 15,2%
Spread / Lowest Target -17,2%
EPS Revisions
Managers and Directors
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Ronnie Leten Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Xavier Dedullen Secretary, Chief Legal Officer & Senior VP
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB19.19%46 568
CISCO SYSTEMS, INC.18.79%225 570
FOXCONN INDUSTRIAL INTERNET CO., LTD.-1.75%41 544
MOTOROLA SOLUTIONS, INC.17.85%33 714
NOKIA OYJ35.40%29 250
ARISTA NETWORKS, INC.12.26%25 057