NTC confirms earnings surge

The hardware company predicts full-year revenue to increase by 40% as it changes its business focus to M2M.

Equipment maker NetComm Wireless (NTC) has reiterated its prediction that current year earnings will surge six-fold while revenue will jump 40% in the current financial year as its change in business focus pays off.

The hardware company made a strategic decision last year to concentrate on the industrial machine-to-machine (M2M) equipment market instead of the mobile and home broadband equipment market, which covers 3G/4G and ADSL technologies.

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