Huawei’s sales shoot up by 40% in first half
Chinese equipment and software vendor reports first-half sales of $36bn, an increase of 40% on last year’s first half
Chinese telecoms vendor Huawei has increased its half-year sales by 40% to the equivalent of $36.7 billion, following a 37% increase a year ago. The company said its operating margin was 12%, down from 18%. First-half sales in Chinese currency were 245.5 billion yen.
Huawei does not break down revenue and profits for the different sectors, but the company said that its enterprise business “is on fast development track”, listing cloud computing, storage and software-defined network products, as well as products based on the internet of things (IoT).
CFO 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.”
According to Huawei, its pipe strategy is “an extended metaphor for building out a robust data pipeline – or ICT infrastructure – that supports the rapid and secure generation, storage, aggregation and transmission of massive amounts of data for consumption all around the globe.”
Meng added: “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 said that in the carrier business, it is innovating to support 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.”
The company has also promoted its consumer business, making and selling mobile phones and, more recently, laptops, using brands such as Hate 8, Honor V8 and MateBook. “Huawei has become one of the most favoured device brands in nearly 30 countries,” the company claimed.