Ericsson revenue falls 6% as component costs bite and licensing income dries up

Ericsson's revenue declined by 6% in the second quarter to SEK 52.7 billion, primarily due to reduced patent licensing income and currency effects, despite growth in some regions. Adjusted operating profit slightly exceeded expectations at SEK 6.52 billion, with a 48% gross margin after excluding one-off settlements. The Networks segment saw an 8% revenue drop, while Cloud Software and Services grew by 3%, and the company anticipates continued cost pressures and potential price increases due to,