Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 24 July 2013 09:32

Huawei makes a killing

Written by Nick Farrell



10 per cent revenue growth

Huawei has announced that it was on track to achieve 10 percent revenue growth in 2013 after posting a 10.8 percent increase in first-half sales.

The company expected to generate a net profit margin of 7-8 percent in 2013, compared with about 7 percent in 2012. The company did not give other figures in its brief statement but it is a private company so does not really have too. Huawei's CFO Cathy Meng said in the statement that its success in the first half of 2013 was mainly driven by the steady growth of the carrier network business, the expansion of the enterprise business, and the fast growth of the Consumer business.

"From these positive indicators, we believe Huawei will generate strong performance and profit margins in the second half of this year," she added.

Huawei's sales growth in the first half was better than the 11.6 percent fall in first-half revenues flagged by competitor ZTE. ZTE, however, said it expects to net profits to increase 23.5 percent due to a series of cost-cutting measures and sales of non-core assets.

Last year, Huawei reported a 22 percent fall in its first half operating profit due to weak spending in the telecom sector.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments