Huawei said it expects to report year-on-year revenue growth of almost 20% to between 287 billion and 289 billion Chinese yuan (about 46.5 billion US dollars) for 2014. The China-based technology company said revenue in its Carrier Network business increased by approximately 15%, while its Enterprise Business grew by about 27%.
Huawei's Consumer Business increased revenue by about 32% year-on-year "thanks to the higher sale of mid-range and high-end handsets within a rapidly growing smartphone market worldwide, with Huawei enjoying particularly strong growth in emerging markets."
Huawei also said it invested between 39.5 billion and 40.5 billion yuan in R&D in 2014, an increase of 28% over 2013. source: Huawei statement
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