Huawei H1 Revenue Up By 40%

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Huawei said Monday that its revenue for the first half of the year rose by 40% compared to the same period a year ago. The Chinese telecom gear maker posted revenues of 245.5 billion in Chinese Yuan as against 175.9 billion Yuan for the same period in 2015. Though the company did not disclose its net profit, it said its operating margin shrank to 15% compared to 18% for the first half of the last financial year.

“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,” said Huawei’s Chief Financial Officer, Sabrina Meng.

“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.”

Huawei’s enterprise business is on a fast development track. It has continued developing open systems and driving collaboration with customers and partners for joint innovation. As a result, enterprises are giving widespread recognition to Huawei’s innovative, industry-leading products and solutions. Huawei’s cloud computing, storage, and SDN products, and Safe City and Electric Power IoT solutions have been widely adopted in sectors such as finance, power, transport, public security, education, and media.

As per latest reports by independent agencies, Huawei is the third largest smartphone maker in the world just behind Samsung and Apple despite its minuscule presence in the U.S.

Huawei’s consumer business has maintained steady growth globally. Its flagship products, such as the P9, Mate 8, Honor V8, and MateBook, have all won significant support from consumers around the world. Huawei has become one of the most favored device brands in nearly 30 countries. And Huawei’s first 2-in-1 laptop, the MateBook, is now available in dozens of countries.

In the carrier business, Huawei is innovating to support telecom operators’ digital transformation across four core areas: business, operations, architecture, and networks. The company is driving development of cutting-edge technologies such as 5G and IoT, which promise to reshape the role of telecom operators in the economy and across numerous industries.

Huawei said going ahead, the company will remain customer-centric and adhere to its pipe strategy, and will continue making significant investments in research and development to achieve technological breakthroughs. Huawei will continue to work with its customers and partners to maximize the value of new developments and technologies, and to build a better connected world.

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