Ericsson gropes for the light at the end of the tunnel

Another quarter, another pretty average set of results, but Ericsson’s CEO insists there are signs of encouragement to be found if you look hard enough.
Overall sales declined -6% year-on-year, or -3% if you adjust for things. Networks sales were down -4% YoY but again, if you adjust for things, they actually grew! A lot of these adjustments, as you can see in the second table below, were for either restructuring (again), or a ‘rescoped managed services contract’ in North Ameri