Huawei sales revenues up 11% to £9.43bn for first half of 2011

Huawei sales revenues up 11% to £9.43bn for first half of 2011

Huawei sales revenue for the first half of 2011 grew 11% to reach CNY 98.3bn (£9.43bn), while operating profit reached CNY 12.4bn (£1.19bn).

The Huawei Device division reported strong growth during the period, with shipments up by 40% year on year to 72 million units. In the mobile broadband market, Huawei said it continued to lead the industry, ranking among the top providers globally. The handset business grew by over 100% with smartphones at the centre of the growth and the shipment of Android-based smartphones ranking among the top five in the world.

In addition, Huawei launched one of the industry's first cloud service platforms and first cloud smartphone, as well as the world's first seven-inch Android 3.2 Honeycomb dual-core tablet, the MediaPad.

Huawei’s CFO Cathy Meng said: ‘Huawei's performance in the first half of 2011 was in line with our expectations, while growth was stable and robust. Although the global economy continues to face uncertainty, we remain confident in achieving our annual sales target of CNY 199 billion (£1.99bn) with our Device and Enterprise businesses as new growth drivers.’

Huawei has traditionally focused on providing telecom infrastructure solutions for the operator segment and it continued to build on its expertise in the sector. In the wireless area, Huawei launched the first multi-mode SingleRAN solution, which supports both WiMAX and LTE. During this period, Huawei also deployed over 130 SingleRAN commercial networks around the world, all of which support LTE.

In early 2011, Huawei established its Enterprise Business Operation Center to promote the ICT transformation of the enterprise market. Huawei Enterprise has expanded its businesses into over 100 countries, providing ICT infrastructure construction and information services to multiple industries including government, finance, transportation, power, energy and the internet.

Huawei also introduced new cloud computing business models by launching cloud solutions for the visual media ("Media Cloud") and healthcare ("Health Cloud") industries.

Written by Mobile Today
Mobile Today


Please wait...

Please write code to prove you're human