Huawei Unveils 2012 ResultsHuawei Unveils 2012 Results

Huawei optimistic about future of ICT, expects compound annual growth rate of 10 percent over next five years

April 8, 2013

1 Min Read

SHENZHEN, China -- Huawei, a leading global information and communications technology (ICT) solutions provider, today released its audited 2012 financial results. Huawei achieved steady business growth, recording sales revenues of CNY220.19 billion and net profit of CNY15.38 billion. In the next five years, Huawei forecasts a compound annual growth rate of 10%.“In 2012, Huawei met business performance expectations through improved operational efficiency,” said Guo Ping, Huawei’s Rotating and Acting CEO. “Today, telecom networks are yet to meet the requirements for ubiquitous connections - zero wait time, ultra broadband, and smart applications. In the future, ICT will continue to grow, with new opportunities coming from cloud computing, BYOD (Bring Your Own Device), and big data, and feature phones being replaced by smartphones at a faster rate. Huawei will continue to focus on its pipe strategy, integrate and develop businesses around the information pipe, and create value for customers, while achieving sustainable and effective growth.”Huawei Technologies Co. Ltd.

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