Telecoms equipment maker ZTE said its revenue rose 21.5% year-on-year in the first half of 2011 to 37.34 billion Chinese yuan (5.85 billion US dollars). Revenues in China rose 6.8% to 16.53 billion yuan, while international revenue soared 36.4% to 20.81 billion yuan. ZTE reported year-on-year revenue growth of 8% in its carriers’ networks division, 44% for its devices division (to 11.21 billion yuan) and 42% for its telecommunication software systems, services and other products.
The Shenzhen, China-based company added: "Sales of the group’s terminal products (comprising 3G handsets in various modes and data cards) in the domestic market were gaining pace as the population of domestic 3G users continued to grow. Internationally, the group sustained strong growth as its terminal products, including the 3G handsets, data cards and netbooks made breakthroughs among global mainstream carriers." source: ZTE statement