Q1 saw Etisalat and Microsoft forming a strategic partnership to deliver the comprehensive, trusted Microsoft Cloud from their first datacentre located in the Middle East. Etisalat has also partnered with key industry peers to form the Global Telco Security Alliance.
Gross margin improves from 19 percent to 36 percent. The company launched a major restructuring drive in July 2017 as a result of which the total workforce has been reduced by almost 18,000. To date, the annual run-rate effect of cost savings is approximately SEK 8.5 b ($1.01 billion).
The Vision Intelligence Platform builds on the best of Qualcomm Snapdragon, together with advanced Qualcomm Technologies’ software to create an IOT platform that allow OEMs to develop the connected, intelligent devices of the future