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Huawei’s H1 revenue up 19 percent year-on-year at $22 billion

21
Jul
2014

Huawei Technologies Co Ltd, the worlds No. 2 telecom equipment maker, said on Monday it will achieve sustainable growth in 2014 after posting a 19 percent jump in first-half revenue to 135.8 billion yuan ($21.88 billion). Driven by increasing investments in LTE networks worldwide, Huawei has further solidified its leadership position in mobile broadband, Huaweis CFO Cathy Meng said in the statement. Rapid growth in software and services helped maintain steady growth in our carrier network business. Meng said Huawei achieved sustainable growth in its consumer business, which includes smartphone manufacturing, thanks to better brand awareness.

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