Huawei Annual Revenues Hit $28B
Huawei has confirmed reports that its 2010 unaudited revenues are US$28 billion, a 28.4 percent increase on 2009, when its audited revenues hit $21.8 billion. (See Huawei Doubles Profits in 2009.)
That puts the Chinese firm ever closer to taking over from Ericsson as the world's leading supplier of hardware, software and services to the world's communications service providers.
Huawei says it's not providing any further details until it publishes its annual report (due March 31), though it's understood that the company's devices division performed particularly well, with reports from China suggesting a 54 percent increase in revenues to $4.5 billion.
The news comes only days after domestic rival ZTE announced preliminary financial numbers that showed a 16.7 percent increase in revenues to $10.7 billion.
The two Chinese giants are likely to be the only major vendors boasting any significant 2010 revenue growth, though.
NSN managed a 1 percent increase in full-year revenues to €12.66 billion ($17.4 billion), while Ericsson saw its 2010 revenues dip by 1.6 percent year-on-year to 203.3 billion Swedish Kronor ($31.3 billion). (See Signs of Growth at NSN and Ericsson Q4 Sales Surge, Margins Shrink .)
AlcaLu is set to report its 2010 financials on Feb. 10, with analysts on average expecting the company to report revenues of around $21.3 billion.
Table 1: Major Telecom Vendor 2010 Annual Revenues
|All revenues converted to US$||2010 revenues||YoY change|
|Nokia Siemens Networks||$17.4 billion||0.7%|
|* As yet unaudited|
** Average analyst forecast used for comparison -- results to be reported Feb. 10 2011
*** Comparison with 2009 full-year revenues in US$
— Ray Le Maistre, International Managing Editor, Light Reading