ZTE revenue up 10%, profit surges 42% in Q1 2015

ZTE said its net profit rose 41.9 percent to RMB 883 million or $142 million in Q1 2015, while revenue grew 10.2 percent to RMB 21 billion.

Operating revenue from telecom software systems, services and other products increased 23.4 percent – fuelled by growth from video and network terminal products, in addition to services.

ZTE said revenue from Carriers’ Networks increased 8.9 percent — driven by growth in sales of products such as wireless communication systems, wireline switch and access systems, routers and router switches.

Operating revenue from handset terminals increased 7 percent, reflecting mainly higher sales of 4G handset terminals.

ZTE will continue to focus on its three main operations of Carrier Networks, Enterprise Business and Mobile Devices. In Carriers’ Networks, ZTE will be committed to developing solutions for smarter networks to support carriers in their transformation into information-based operations.

In Enterprise Business, ZTE will drive the transformation of various industries towards Industry 4.0 or Industrial Internet with enhancement of corporate customers’ operational efficiency.

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