Telecom network vendor ZTE today said it’s expecting 23.8 percent increase in revenue to RMB 100.8 billion or $15.31 billion in 2015.
This is for the first time that ZTE is achieving annual revenue of more than RMB 100 billion.
Net profit of ZTE is expected to increase 43.5 percent to RMB 3.78 billion or $574 million in 2015, said the Chinese telecom equipment vendor.
ZTE has recorded higher sales of 4G LTE network solutions internationally, in addition to China. The company also posted increased sales of optical network solutions as the demand for broadband networks strengthens.
The growth in ZTE revenue was also driven by increased sales of high-end routers in overseas markets.
ZTE posted higher revenue from sales of enterprise information and communications technology (ICT) solutions including smart city and data center solutions to companies and government departments.
ZTE also boosted sales of 4G smartphones outside China, as well as terminal products for homes.
editor@telecomlead.com
