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Huawei Revenue Soars 30% In H1

Huawei Revenue Soars 30% In H1Huawei chief financial officer Meng Wanzhou stated Huawei, which recorded an operating margin of 18 per cent, “achieved stable and healthy growth in all of its three business segments”, comprising its consumer, enterprise and carrier businesses.

“Huawei’s mid-range and high-end smartphones, Mate7 and P8 in particular, as well as Honor-branded phones, have made solid progress, helping us guarantee quality and sustainable growth in the consumer business,” Meng commented.

Gartner figures released at the end of May found that Huawei ranked fourth in worldwide smartphones sales in the 2015 first quarter, capturing a 5.4 per cent share of the market, up from 4.8 per cent year-on-year.

Meanwhile, in the enterprise segment, Meng stated Huawei has “started to experience accelerated growth”.

“Thanks to the extensive application of our cloud computing, storage, agile network, and other flagship products and solutions in the smart city, finance, education and ISP markets in and outside of China our growth in the enterprise business began to pick up in the first half of this year,” she commented.

In Huawei’s carrier business, Meng stated that in China investment “continued to pour into 4G network construction”.

“In addition, the growth in global data traffic drives investment in network capacity expansion, while carriers’ digital transformation pushes up investment in the ICT industry,” she stated. “These factors helped us maintain steady growth in the carrier business.”