Feeds

Huawei's turnover rockets upwards. Suck on that, US government

Sales boom by nearly a fifth despite US and Aussie regimes' spy fear boycott

Website security in corporate America

Execs at Chinese hardware maker Huawei are laughing all the way to the bank after reporting a healthy bounce in revenues and margins, despite being effectively blockaded by some governments in the West.

The maker of telco kit, smartphones and enterprise networking gear today said that turnover for the first half of calendar '14 was up 19 per cent to 135.8bn yuan (£12.8bn).

Margins hardened too, moving up from from 18.3 per cent for the corresponding period a year ago to 19 per cent, but the exact profit made was not disclosed by the organisation.

The numbers were fuelled by "increasing investments in LTE networks worldwide," said Cathy Meng, CFO at Huawei. "Rapid growth in software and services helped maintain steady growth in our network carrier business".

The FusionSphere hypervisor, which has hundreds of reference sites in larger emerging economies, recently sneaked into Gartner's Magic Quadrant for x86 Server Virtualisation Infrastructure.

In terms of the smartphone biz, Huawei flogged 13.7 million units in Q1, placing it behind Apple and Samsung as the largest shifters of such devices on the planet.

Meng added Huawei's work rate in the enterprise market has also "begun to pay off" as better brand recognition was helping business to lift off in the consumer market. Here the company is still way behind networking biggies Cisco and HP, holding around mid-single digit percentage share of sales.

Huawei is aiming to become a $70bn tech monster by 2018 and the numbers outlined today mean it is on track to meet this target, in spite of the best efforts of the Australian and US governments.

The US regime all but banned Huawei in 2012 after growing suspicious that its routers contain leaky backdoors. Last year they were joined by the Aussies who prevented the firm from supplying kit to fire up that country's National Broadband Network project.

Ironically, proof of spying attempts that actually came to light involved the US trying to access the company's source code to install its own backdoors. Since then, officials in Beijing have initiated a brand new vetting process for suppliers.

Of course, Huawei has always denied that it was up to no good, saying to be caught in the act would be tantamount commercial suicide.

The firm could well start plying its trade in the US more heavily in the not-too-distant future, according to a prestigious US think tank. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.