Huawei Sales Stay on Track

Huawei Technologies Co. Ltd. appears poised to hit its aggressive 29 percent growth target for 2009, according to numbers reported by a tradeshow organizer yesterday.

The figures were part of a press release randomly issued on Wednesday by Fairtheworld Ltd., a China-based company that puts on virtual tradeshows. The release isn't tied to any particular event; rather, it just seems to be a vehicle for Fairtheworld to talk about Huawei's supposed awesomeness.

According to the release, Huawei's contract sales for the first half of 2009 were $15.7 billion, on track with the $30 billion Huawei was expecting for the full year. (See Huawei Predicts 29% Growth in 2009.)

It goes on to say Huawei's revenues for the past four quarters were $18.329 billion. The company's revenues tend to be 75 percent of its contract sales. (See Huawei Reports 2007 Revenues of $12.5B.)

A Light Reading query about the veracity of the numbers was forwarded to Huawei officials in China last night; at press time, Huawei hadn't responded.

— Craig Matsumoto, West Coast Editor, Light Reading