Sunday, April 26, 2015

ZTE Reports Rise in Q1 Profits

ZTE reported first-quarter 2015 net profit RMB 883 million (US$142 million), up 41.9% year over year. Basic earnings per share climbed to RMB 0.24, while revenue rose 10.2% to RMB 21 billion.

Operating revenue from telecommunications software systems, services and other products increased by 23.4% in the first quarter, as ZTE recorded strong growth from video and network terminal products, in addition to services.

Revenue from Carriers’ Networks increased by 8.9%, as compared to the same period last year, 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 by 7%, as compared to the same period last year, reflecting mainly higher sales of 4G

ZTE said its strategy is capture the growth in demand for solutions in cloud computing, big Data, Smart City and high-performance routers.

Looking ahead, 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 actively drive the transformation of various industries towards “Industry 4.0” or “Industrial Internet” with enhancement of corporate customers’ operational efficiency.

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