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Huawei Registers 40% Increase Y-o-Y In Sales Revenue In First-Half Of 2016

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Huawei Registers 40% Increase Y-o-Y In Sales Revenue In First-Half Of 2016

The global ICT player Huawei has generated a sales revenue of CNY245.5 billion in the first half of 2016, registering an increase of 40% when compared to last year. The company’s operating margin was 12%.

Results

Commenting on the achievement, Huawei’s Chief Financial Officer, Sabrina Meng said, “We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence and an unwavering focus on our pipe strategy. We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations.”

The success in enterprise businesses is a reason cited for this impressive growth. Huawei focuses on the development of open systems, thereby promoting collaborations with customers and other technology partners. Huawei’s innovative solutions in the segment of cloud computing, storage, and SDN products, and Safe City and Electric Power IoT solutions are widely used by the various industries.

Huawei is also making waves in IoT and 5G, supporting telecom operators in various countries. Its consumer business including the sales of mobile phones and tablets is also on its path of stable growth.

“Looking ahead, Huawei will remain customer-centric and adhere to its pipe strategy, and will continue making significant investments in research and development to achieve technological breakthroughs,” a statement from Huawei said.

Ria Lakshman. V is a lead news writer at The Telecom Times. She studied Journalism at Manipal School of Communication and proceeded to work in newspapers and magazines, with technology as her focus area. Passionate about Telecommunications sector, her move to 'The Telecom Times' was a natural choice. Alongside, she also writes for Telecom Talk, where she covers news and tech commentaries in the sector of telecom. In the free time, Ria loves to go camping, read books, or sketch illustrations. She also runs a local design studio and promotes eco-friendly crafts. Ria can be found sharing her knowledge and insights on Twitter.

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