Huawei boasts 30% growth in sales revenue

Chinese kit vendor Huawei has announced its first half 2015 sales results, laying claim to a growth in sales revenue of CNY 175.9billion ($28.32bn), an increase of 30% year-on-year.

Little in the way of tangible numbers were offered up by Huawei for its first half performance announcement, aside from the headline sales growth result, however the vendor’s CFO Meng Wanzhou pointed towards the three core areas of Huawei’s business and identified key reasons for growth in each of the enterprise, consumer and carrier businesses.

“In the first half of 2015, Huawei achieved stable and healthy growth in all of its three business segments,” she said. “In the enterprise business… we have started to experience accelerated growth. Thanks to the extensive application of our cloud computing, storage, agile network and other flagship products and solutions in the smart city, finance, education and ISP markets in and outside of China, our growth in the enterprise business began to pick up in the first half of this year.

“Huawei’s mid-range and high-end smartphones, Mate7 and P8 in particular as well as Honor-branded phones, have made solid progress, helping us guarantee quality and sustainable growth in the consumer business,” she said.

Huawei claims it has continued to strengthen its position in the telecoms sector with its carrier business, by focussing on the transformation of network architecture using SDN, NFV, cloud and emerging technologies aiming at advancing LTE and drive towards 5G.

“Investment continued to pour into 4G network construction in China,” said Meng. “In addition, the growth in global data traffic drives investment in network capacity expansion, while carriers’ digital transformation pushes up investment in the ICT industry. These factors helped us maintain steady growth in the carrier business.”

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