Huawei reports strong growth

Huawei put up a great show last financial year and clocked the global revenue of USD46.5 billion, an increase of 20.6% from the previous year, while the profits grew up by 32.7% reaching USD4.5 billion.

”Our strong revenue growth in 2014 can be attributed to a continuous focus on our pipe strategy, while profit increase stems from streamlined management and improvements in overall efficiency,” said Ken Hu, Deputy Chairman of the Board and Rotating CEO. “With heavy investment in innovations in areas such as cloud computing, big data, 5G, SDN and NFV, we believe we are well positioned to capture the tremendous business opportunities in this digital transformation era.”

All three of Huawei’s core business groups performed strongly in 2014. The company’s Carrier Business Group saw global revenue increase by 16.4% to USD31 billion, with a strong contribution from mobile broadband network rollouts around the world. Huawei’s Enterprise Business Group saw revenue increase by 27.3% to USD3 billion, with strong growth in network and IT areas including cloud data center solutions and agile networks. Thanks to growing consumer demand for smartphones and particularly strong growth in emerging markets, Huawei’s Consumer Business Group also realized revenue increases of 32.6% to USD12 billion.

According to Shi Yaohong, President of Huawei Middle East, “Today the Middle East remains one of the most rapid growth markets for Huawei globally as governments, enterprises, telecom operators, and consumers aspire to reap the benefits of technological progress. Whether it is connecting systems, businesses or societies across the Middle East, Huawei’s widening breadth of solutions and consulting services are ultimately powering more intelligent cities that we believe will radically improve quality of life and transform the way people experience their world”.