Ericsson (ERIC) to Report SEK 11.4B Non-cash Impairment Expense [Yahoo! Finance]
Arista Networks, Inc. (ANET)
Last arista networks, inc. earnings: 2/13 04:05 pm
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Source: Yahoo! Finance
This impairment, primarily attributed to the acquisition of Vonage, aligns with the IFRS accounting principles. The impairment charge highlights Ericsson's recognition of lower anticipated market growth rates in Vonage's existing portfolio. The net income impact post tax is going to be SEK 11.4 billion, which is reported under the Enterprise segment. Ericsson cited that building a Global Network Platform for network APIs was the driving force behind Vonage's acquisition. The strategy aims to make advanced 5G network capabilities available to the global developer community. This initiative is designed to accelerate the innovation of value-added applications for industry and society, ultimately unlocking new revenue streams for ERIC's operator customers and driving growth in the telecom sector. Stockholm, Sweden-based Ericsson is one of the leading providers of communication networks, telecom services and support solutions. As part of its restructuring plans, the company has reorg
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ANET
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- 7/30/24 - Beat
ANET
Sec Filings
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- 10/3/24 - Form 4
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