Huawei says cloud contributed to high 2014 sales growth

05 January 2015 |

Ken Hu, CEO at Chinese vendor Huawei, has said that he believes advances in cloud computing have increased the company’s 2014 sales revenue by 15% to $46 billion.

In a New Year message on the company’s website, Hu added that increased demand for smart devices had also driven Huawei’s growth over the past 12 months.

Huawei made a number of significant investments in 2014 – including $4 billion in fixed-line R&D – and has a $70 billion revenue target for 2018.