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Huawei Boosts H1 Revenues by 18%

Ray Le Maistre

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

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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
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.  

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. 
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. 
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