Huawei Boosts H1 Revenues by 18%
Huawei boosted its revenues for the first half of 2014 by about 18% compared with a year ago, the company's current acting CEO Guo Ping told a conference in Singapore late Thursday.
According to a report by ECNS, he told delegates at the Future China Global Forum that sales hit US$22 billion during the first six months of this year.
The Chinese vendor neither confirmed nor denied the number, but said financial details for the first half of 2014 would be released officially on July 21.
Huawei Technologies Co. Ltd. reported an 8.5% rise in revenues for the full year 2013 to $39.5 billion, noting that much of that growth came from the enterprise and handset divisions, rather than carrier networks. (See Huawei Pumps Up Its Profits to $3.5B.)
It's likely, though, that Huawei's Carrier Networks division will have benefited during the first half of this year from 4G network rollouts, especially in its domestic market. (See China Issues More 4G Licenses and China Issues 4G TDD Licences.)
— Ray Le Maistre, , Editor-in-Chief, Light Reading