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Huawei Boosts Operating Income by 17%

Huawei's carrier, enterprise and consumer business units all recorded double-digit revenue increases last year as the company boosted earnings by around 17%.

Topline revenue grew just over 20% to a forecast 287-289 billion yuan (US$46.3-46.6 billion), according to unaudited figures from Huawei Technologies Co. Ltd. issued today.

The consumer devices unit led the way with 32% growth, thanks to higher sales of mid-range and high-end handsets, and higher demand in emerging markets, the company said.

The carrier division, the biggest business unit, increased sales by 15% because of “a steady increase in 3G investment and the jump in 4G investments,” Huawei said, while the enterprise group grew 27%.

The company did not provide a revenue split on the business units.

CFO Cathy Meng predicts full-year earnings of 33.9-34.3 billion yuan ($5.46-5.53 billion), up 17% over 2013, with a margin of 12%.

The company will release its audited 2014 results in March.

— Robert Clark, contributing editor, special to Light Reading

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