Led by 50% growth in Europe and North America, ZTE Corp. reported $10.6 billion in revenue for the year, up 21% from the previous year, leading to a net profit of $494 million, up 32% from 2009. The company got 54% of its revenues from outside China.
Domestically, operating income rose 5.9%, the company said, due to its leading position in CDMA technology, as well as advances in 3G and TD-LTE protocols. The company said its W-CDMA market share also increased. The numbers are not changed much from preliminary results announced in January.
Internationally, ZTE said its operating income for the year was up more than 27%, as the infrastructure vendor made headway in Germany, Belgium, Hungary and Austria. Although ZTE continues to struggle in the United States on the infrastructure side, the company noted it has handsets available at the four nationwide U.S. operators. IDC Corp. lists ZTE as the fourth-largest handset maker in the world.
North America, Europe push ZTE profits
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