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Huawei reports 20 percent revenue increase

Ken Hu, Deputy Chairman of the Board and Rotating CEO, Huawei
Ken Hu, Deputy Chairman of the Board and Rotating CEO, Huawei

Huawei has released its latest annual report which showed record revenue and net profit for 2014 with global financial performance up strongly across all business areas.

Overall global revenue reached $46.5 billion, an increase of 20.6 percent from the previous year, with group net profit reaching $4.5 billion), up 32.7 percent year on year.

“Our strong revenue growth in 2014 can be attributed to a continuous focus on our pipe strategy, while profit increase stems from streamlined management and improvements in overall efficiency,” said Ken Hu, Deputy Chairman of the Board and Rotating CEO. “With heavy investment in innovations in areas such as cloud computing, Big Data, 5G, SDN and NFV, we believe we are well positioned to capture the tremendous business opportunities in this digital transformation era.”

Huawei’s Carrier Business Group saw global revenue increase by 16.4 percent to $31 billion, with a strong contribution from mobile broadband network rollouts around the world.

Huawei’s Enterprise Business Group saw revenue increase by 27.3 percent to $3 billion, with strong growth in network and IT areas including cloud data centre solutions and agile networks.

Thanks to growing consumer demand for smartphones and particularly strong growth in emerging markets, Huawei’s Consumer Business Group also realised revenue increases of 32.6 percent to $12 billion.

Hu added, “As 2015 unfolds, ICT technologies – notably broadband, cloud computing, Big Data, and the Internet of Things – are becoming the engines that drive transformations in many industries. Huawei will continue focusing on pipe strategy to create value for our customers. Through the dedication of our employees, Huawei strives to become a strategic partner for carriers in their future transformation, a leader in providing enterprise ICT infrastructure, and a top smart device brand preferred and trusted by consumers.”

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