ZTE’s continued aggressive push has seen it enjoy a 13.80 percent boost in operating revenue for its fiscal quarter ending 31 March, 2011 – amounting to $2,300.81 million overall.
The Chinese powerhouse says net profit attributable to shareholders of the parent company grew 15.86 percent to £19.37 million, with earnings per share sitting at $0.01.
Segment carriers’ networks revenue grew 1.57 percent year-on-year, which ZTE puts down to the increase in sales of its wireless and access systems. Terminal products revenue grew 51.04 percent compared to the same time last year.
According to ZTE, that growth has been driven through its sales of 3G handsets, GSM handsets, CDMA handsets and data cards.
Telco software systems, services and other products saw a decline of 0.26 percent year-on-year.
ZTE says its plans lie heavily in rolling out its telecommunications equipment worldwide, paired with “increasing broadband penetration” – and providing smart terminals globally.
Meawhile Huawei has reported a 30 percent net profit jump, as well as revealing members of the board in a bid to boost transparency and ease criticism on the company.
Huawei has faced claims that it has strong links to the Chinese military. It denies any link and wants to sell itself to the world as a trusted company. Revealing board members is an attempt to allay fears over the founder’s involvement in the People’s Liberation Army.
For the first time, maker of telco kit Huawei outpaced Ericsson in terms of market share growth.
While Ericsson is still a strong leader, analysts in China suggest that Huawei may already be giving the likes of Cisco & Co a scare. Its net profit his $3.5 billion last year from $2.67 billion in 2009 according to the 2010 annual report published this week, reports Global Times.