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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, April 2, 2014

China Sustains Huawei's Growth Rate

Huawei, a leading telecoms equipment maker, said its revenue rose 8.5% in 2013 to 239 billion Chinese yuan (39.46 billion US dollars). That is a slight improvement from the previous year when its revenue climbed 8%.

The Shenzhen-based company said: "In 2013, Huawei's carrier network business delivered a solid performance, achieving 166.5 billion yuan in sales revenue, up 4% year-on-year. The sales revenues of the enterprise and consumer businesses [mostly devices] increased tremendously in 2013, by 32.4% and 17.8% to 15.2 billion yuan and 57 billion yuan, respectively. Huawei earned 65% of its revenue from markets outside of China in 2013, and in the Chinese market, Huawei achieved 84 billion yuan in sales revenues, up 14.2% year-on-year." source: Huawei statement

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