Huawei Revenue Surges: Up 40% In First Half
Huawei has recorded strong revenue growth in the 2016 first half, today revealing its sales revenue increased 40 per cent year-on-year.
Huawei generated revenue of 245.5 billion yuan (around $49.14 billion) in the first half, while its operating margin of 12 per cent was down from 18 per cent in last year’s corresponding half.
Huawei stated that its consumer business has maintained steady global growth, with flagship products, such as the P9, Mate 8 and Honor V8 smartphones, and MateBook 2-in-1 laptop, having “all won significant support from consumers around the world”.
Gartner data released in May showed that Huawei had increased its smartphone market share from 5.4 per cent to 8.3 per cent year-on-year in the 2016 first quarter.
In its enterprise business, Huawei stated that it has continued to develop open systems and drive collaboration with customers and partners.
“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,” Huawei stated.
Huawei and General Electric recently revealed a strategic partnership to accelerate innovation in the Industrial Internet of Things.
Meanwhile, in the carrier business, Huawei stated that it “is innovating to support telecom operators’ digital transformation across four core areas: business, operations, architecture and networks”, driving the development of tech such as 5G and IoT.
Huawei chief financial officer Sabrina Meng stated that Huawei “achieved steady growth” across its three business groups.
“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,” Meng commented.