Feeds

Huawei rakes in £2 BEEELLION in profits

Shenzhen stalwart bolsters international rep

Boost IT visibility and business value

Chinese tech success story and NSA spy target Huawei has seen profits jump by a third over the past year to 21 billion yuan (£2bn) on the back of strong growth from its enterprise and consumer businesses.

The Shenzhen-headquartered firm cemented its place as one of the Middle Kingdom’s most internationally successful technology providers in 2013, expanding revenue by 8.5 per cent year-on-year to 239bn yuan (£23bn), according to its annual financials.

Although the company still generates most of its revenue from making telecoms kit for carriers, the strongest growth last year actually came from its consumer (17.8 per cent) and enterprise (32.4 per cent) divisions.

By contrast, its carrier business grew by only 4 per cent.

The firm’s continued growth in this space has been hampered by its virtual exclusion from the US carrier market after a high profile report from Capitol Hill lawmakers in 2012 branded it and ZTE a threat to national security.

Still, this part of the business raked in revenue of 166.5bn yuan (£16bn) as opposed to 57bn yuan (£5.5bn) for its consumer business, which includes smartphones and tablets, and 15bn (£1.5bn) for its enterprise division.

The latter is Huawei’s newest endeavour and covers products and services in multiple areas including network infrastructure, cloud-based datacentres, enterprise information security and unified communication & collaboration.

Although the firm said it made 65 per cent of its revenue from outside of China in 2013, its success in its domestic market certainly helped bolster the impressive financials.

Sales there grew by 14.2 per cent to 84bn yuan (£8bn) and will have been boosted by the country’s expansive 4G roll-out. ®

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.