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Despite tensions, China and 5G were highlights in Ericsson’s unremarkable Q2

Ericsson turned in a respectable second quarter, and claimed to be on course to hit the targets its CEO, Börje Ekholm, has set for 2020. The Swedish company reported a 10% year-on-year increase in total revenues to SEK54.8bn ($5.83bn) for the quarter. On an organic basis, accounting for changes in currency exchange rates and reporting only comparable business units, revenues were up by 7%. Operating margins were improved at 6.8%, compared with just 0.3% a year ago, and the firm turned in a net profit of SEK1.8bn ($192m), compared with a net loss of about the same amount last year. The Networks division accounted for 69% of the revenue and much of the growth, with 5G the key driver. Net…

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