Huawei Sales Stay on Track
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
Huawei has gotten back to us with basically a no-comment, saying they only report their numbers on an annual basis. (Note that that's voluntary; Huawei is private and doesn't have to tell anybody anything.)
Maybe Huawei is using this tradeshow group as a way to "release" earnings without releasing earnings? I still find that press release to be odd and really random.