Ericsson’s Support Solutions segment saw impressive growth in the fourth quarter, with net sales, at SEK5.6 billion (€602.9 million), being 40% up on the same period in 2014.
In its latest set of results, the company notes that sales, adjusted for comparable units and currency, increased by 22% and were primarily driven by increased IPR licensing revenues but also strong TV and media sales in North America.
It adds that the implementation of its strategy to become the leader in the IP transformation of TV & Media continues, with the company well positioned in this market and having completed the acquisition of Envivio in Q4.
Ericsson’s net sales as a whole in Q4 amounted to SEK73.6 billion, up 8% on a year earlier, towards which Networks contributed SEK37.3 billion (+9%) and Global Services SEK30.7 billion (+3%).
Its net income, at SEK7 billion, was 68% higher than a year earlier.