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Financial

Huawei Memo Suggests Major 2012 Growth

Huawei Technologies Co. Ltd. may have had a turbulent 2012 in various international markets, but the company still has a lot of paying customers.

Huawei is set to report full-year revenues of more than US$35 billion and net profits of around $2.4 billion for 2012, according to a memo published on the company's website.

For 2011, Huawei reported revenues of 203.9 billion yuan renminbi ($32.7 billion) and net profit of RMB11.65 billion ($1.87 billion).

If the 2012 figures are verified in its audited annual report, Huawei will have increased its annual sales by more than 7 percent and its profits by about 28 percent.

And if its 2012 revenues do exceed $35 billion, Huawei might overtake Ericsson AB as the world's largest communications network systems supplier. In 2011, the Swedish vendor was just a little bigger than its Chinese rival in terms of total sales.

— Ray Le Maistre, International Managing Editor, Light Reading

Ray Le Maistre 1/4/2013 | 11:10:59 AM
re: Huawei Memo Suggests Major 2012 Growth It will be interesting to see if Huawei breaks out its sales (net infrastructure, enterprise, devices etc) when it publishes its annual report, which is usually in the April-May timeframe. It has been pushing hard in enterprise and mobile handsets, but is that where the growth came from?

And imagine what the numbers might be if it had any major traction with the USA Tier 1 carriers!
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