Latest news with #MatthewBloxham
Yahoo
08-07-2025
- Business
- Yahoo
Meta Poaches Top AI Talent From Apple
Meta is hiring away top AI talent from Apple. Matthew Bloxham of Bloomberg Intelligence is on "Bloomberg Brief."
Bloomberg
08-07-2025
- Business
- Bloomberg
Meta Poaches Top AI Talent From Apple
Meta is hiring away top AI talent from Apple. Matthew Bloxham of Bloomberg Intelligence is on "Bloomberg Brief." (Source: Bloomberg)
Yahoo
13-06-2025
- Business
- Yahoo
Ericsson, Google Cloud Launch New Tool To Help Telecoms Build Faster, Smarter Networks
Ericsson (NASDAQ:ERIC) on Thursday announced the launch of Ericsson On-Demand, a new solution delivering core network services as a true software-as-a-service (SaaS) platform to communications service providers (CSPs). The platform is designed with Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud, leveraging AI infrastructure and Google Kubernetes Engine (GKE), and is managed end-to-end by Ericsson. The solution will help CSPs to quickly set up and grow core network services, cut operating costs, and gain business flexibility with a fully managed, cloud-native platform. Also Read: At a time when CSPs are under growing pressure to innovate at speed and scale while managing increasing operational complexity, Ericsson's On-Demand platform deploys full core in minutes, scales up or down as needed, and allows CSPs to pay only for what they use and need not worry about managing the underlying infrastructure. Ericsson On-Demand combines telecom-grade reliability with public cloud flexibility. The platform leverages GKE to simplify and improve network availability, in addition to Google Cloud's full-stack AI infrastructure, globally across 42 cloud regions and more than two million miles of terrestrial and subsea fiber. Ericsson On-Demand also helps CSPs add new features to their current systems bit-by-bit without causing any downtime. Ericsson stock surged over 38% in the last 12 months. Ericsson's first-quarter fiscal 2025 sales grew 3% to 55.0 billion Swedish Krona ($5.15 billion), driven by 20% growth in the Americas market. The revenue beat the consensus of $5.10 billion. Ericsson reported an EPS of SEK 1.24 (12 cents), topping the consensus of 9 cents. Bloomberg's Matthew Bloxham expects Ericsson to outperform analysts' expectations in the face of global tariff storms through cost-cutting tailwinds, preemptive U.S. inventory restocking, and limited exposure to China-sourced components. Morgan Stanley's Sandeep Deshpande told Bloomberg that Ericsson's U.S. business strength was partially driven by customers 'buying products in anticipation of tariffs. Price Action: ERIC stock closed lower by 0.35% at $8.44 on Wednesday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? ALPHABET (GOOGL): Free Stock Analysis Report TELEFONAKTIEBOLAGET L M (ERIC): Free Stock Analysis Report This article Ericsson, Google Cloud Launch New Tool To Help Telecoms Build Faster, Smarter Networks originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Ericsson's US Clients Accelerate Purchases In Q1 Ahead of Tariffs, Eyes Solid Q2 Despite Global Uncertainty
Ericsson (NASDAQ: ERIC) reported first-quarter fiscal 2025 results on Tuesday. The stock price gained after the print. The Swedish telecom equipment maker's sales grew 3% year-over-year to 55.0 billion Swedish Krona ($5.15 billion), driven by 20% growth in the Americas market. The revenue beat the consensus of $5.10 billion. Organic sales were stable, with strong growth in the Americas market offset by declines in other market areas. Ericsson Accelerates 5G Growth in India with Bharti Airtel Deal Adjusted gross margin improved to 48.5% from 42.7% Y/Y, driven primarily by improved gross margin in Networks. Adjusted EBIT margin was 11.3% versus 8.1% Y/Y. Adjusted EBITA margin improved to 12.6% from 9.6% a year ago. Ericsson reported an EPS of SEK 1.24 ($0.12) versus SEK 0.77 Y/Y. It beat the consensus of $0.09. Free cash flow before M&A was SEK 2.7 billion in the quarter. As of March 31, 2025, net cash stood at SEK 38.6 billion. Dividend: The board approved the 2024 proposed dividend of SEK 2.85 per share on March 25. The company will pay the dividend in two installments of SEK 1.43 per share and SEK 1.42 per share. Outlook: Ericsson expects second-quarter sales growth for Networks and Cloud Software and Services to be similar to the 3-year average seasonality. Based on its current assessment of announced tariffs, it expects second-quarter adjusted gross margin for networks of 48% % to 50%. Ericsson remains confident in its strong position in Mobile Networks and expects Enterprise to stabilize in 2025. Bloomberg's Matthew Bloxham expects Ericsson to tackle global tariff storms better than analysts' expectations via cost-cutting tailwinds, preemptive U.S. inventory restocking, and limited exposure to China-sourced components. While North America accounted for about 30% of the company's revenue in 2024, Bloomberg cited Ericsson's 2024 annual report as citing the company's diversification of its supply chain. The company is building a factory in Texas to produce 5G equipment for U.S. customers. Morgan Stanley's Sandeep Deshpande told Bloomberg that Ericsson's U.S. business strength was partially driven by customers 'buying products in anticipation of tariffs. Price Action: ERIC stock is up 8.66% at $8.09 at the last check on Tuesday. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TELEFONAKTIEBOLAGET L M (ERIC): Free Stock Analysis Report This article Ericsson's US Clients Accelerate Purchases In Q1 Ahead of Tariffs, Eyes Solid Q2 Despite Global Uncertainty originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Bloomberg
29-01-2025
- Business
- Bloomberg
Alibaba Says Its AI Model Is Superior to DeepSeek
Alibaba says it's new artificial intelligence model is superior to DeepSeek. It says the Qwen 2.5 Max edition scored better than Meta Platforms Inc.'s Llama and DeepSeek's V3 model in various tests. Matthew Bloxham of Bloomberg Intelligence is on "Bloomberg Brief." (Source: Bloomberg)
