& cplSiteName &

Huawei Boosts H1 Revenues by 18%

Ray Le Maistre
7/18/2014
50%
50%

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.

By contrast, global rival Ericsson AB (Nasdaq: ERIC) today revealed that its first-half revenues dipped compared with the same period in 2013. See this financial report for details.

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, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editor-in-Chief, Light Reading

(4)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
pjbclarke
50%
50%
pjbclarke,
User Rank: Lightning
7/21/2014 | 9:24:17 AM
Re: What goes up....
Their press release is posted. In the first six months of this year, Huawei generated sales revenue of CNY135.8 billion, an increase of 19% year-on-year with an operating margin of 18.3%. http://pr.huawei.com/en/news/hw-356143-2014h1operatingperformance.htm#.U80Pxtq9KSM
R Clark
50%
50%
R Clark,
User Rank: Blogger
7/20/2014 | 8:21:23 PM
Re: What goes up....
Apart from a nice bump from 4G sales in China, the growth would be mostly from handsets with an assist from enterprise. It's really swinging for the fences in the handset business.  

 
danielcawrey
50%
50%
danielcawrey,
User Rank: Light Sabre
7/20/2014 | 5:10:57 PM
Re: What goes up....
It's entirely possible Huawei will sacrifice margin in order to compete in certain markets. 

Let's not forget that the American market is not available to them, so in order to compete with American companies like Cisco there is a likelihood they would compete on comparable products/services for less overall margin. 

Just a thought. 
Ray@LR
50%
50%
Ray@LR,
User Rank: Blogger
7/18/2014 | 7:12:47 AM
What goes up....
So there will need to be a point at which Huawei's sales start declining, but....

Of course the key consideration here, and maybe we will find a little more about this next week, is whether these sales are doing anything for its bottom line -- it's great to have more sales but not if they're smacking one's margins. 
Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue – London
November 10, 2017, The Westin Times Square, New York, NY
November 16, 2017, ExCel Centre, London
November 30, 2017, The Westin Times Square
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Is US Lurching Back to Monopoly Status?
Carol Wilson, Editor-at-large, 10/16/2017
Pai's FCC Raises Alarms at Competitive Carriers
Carol Wilson, Editor-at-large, 10/16/2017
Muni Policies Stymie Edge Computing
Carol Wilson, Editor-at-large, 10/17/2017
The Big Cable DAA Update
Mari Silbey, Senior Editor, Cable/Video, 10/11/2017
Telecom Italia Covers 73% of Italy With NB-IoT
Iain Morris, News Editor, 10/13/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed