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ZTE revenue growth slows in Q3

2015-10-27 11:55:00| Telecompaper Headlines

(Telecompaper) ZTE reported a slowdown in revenue growth in the third quarter. The Chinese equipment maker said revenues in the first nine months of 2015 rose 16.5 percent year-on-year to CNY 68.5 billion, compared to annual growth of 21.8 percent reported for the first half of the year. The company's net profit was still up over 42 percent in the nine months to CNY 2.6 billion (USD 409 million). ZTE said the growth was led by increased sales of optical network products and LTE equipment to carriers. Revenue at the Carrier Networks division rose by more than 22 percent in the first nine months, and revenue from telecommunications software systems, services and other products increased by 45.8 percent, helped by higher sales of video and network terminal products.

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