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NeraTel revenue grows 22.4% y-o-y in 1Q22, mainly from government, telecom and utilities

Lim Hui Jie
Lim Hui Jie • 3 min read
NeraTel revenue grows 22.4% y-o-y in 1Q22, mainly from government, telecom and utilities
NeraTel saw a 622% jump in orders from its GTU segment, while revenue from this segment rose 100% y-o-y in 1Q22.
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Telecommunications service provider Nera Telecommunications has reported revenue growth of 22.4% in its 1QFY2022 ended March.

In a business update on May 23, NeraTel revealed that its revenue in 1QFY2022 grew from $22.8 million to $27.9 million, mainly due to the strong closing order backlog carried forward from the year ended Dec 2021.

Notably, NeraTel says it has made “major improvements” in its government, transport and utilities (GTU) customer sector.

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