Ericsson (NASDAQ:ERIC) reported second-quarter fiscal 2024 results. The stock price climbed after the print. Sales declined 7% year-over-year to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus estimate of $5.363 billion. The sales decline was due to an 11% decrease in Networks. Group organic sales declined by 7% Y/Y. Organic sales were stable in Cloud Software and Services and Enterprise. Adjusted gross margin improved to 43.9% from 38.3% Y/Y, driven primarily by improved gross margin in Networks. Adjusted EBIT margin was (19.9)% versus 4.4% Y/Y due to a non-cash impairment loss relating to the Vonage acquisition. Adjusted EBITA margin improved to 6.8% from 5.7% a year ago. Ericsson reported an EPS loss of SEK (3.34) versus SEK (0.21) ...