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Asia Today ISSN 1861-4604 Monday, February 19, 2018

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Huawei revenues hit $60.8 billion in 2015

According to its 2015 annual report

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SHENZHEN, China - Chinese hardware maker, Huawei has reported a 37 percent revenue growth for 2015.> Big News Network

The company has said that its 2015 revenue hit $60.8 billion, fuelled by 73 percent growth in its consumer business and increased global demand for ICT.

Huawei reported a 37 percent year-on-year increase in its 2015 revenue worldwide and said that its net profit climbed 33 percent year-on-year to reach $5.7 billion.

According to its 2015 annual report, audited by KPMH, strong growth was recorded across its carrier, enterprise, and consumer business groups.

Huawei’s carrier business is said to have clocked $35.8 billion in revenue, which was up by 21 percent over the previous year, with the vendor’s global rollout of 4G networks being a significant growth driver.

Its enterprise business reported an annual revenue of $4.3 billion, climbing 44 percent from 2014 and the business unit saw strong growth in the public safety, finance, transportation, and energy sectors.

Huawei described its consumer business as “a major highlight” of its performance in 2015 and said that the group grew 73 percent year-on-year to clock $19.9 billion in revenue. It attributed the growth to increased demand for its handsets and footprint as a consumer brand.

Huawei said that its domestic market China remained its biggest geography, where revenue grew 54.3 percent to account for 42 percent of the company’s overall revenue.

Further, it revealed that revenue from EMEA climbed 27.2 percent, contributing 32 percent of overall revenue, while Asia-Pacific revenue grew 19.1 percent to account for 13 percent.

The Americas, which generated 10 percent of total sales, also saw a rise of 26.4 percent in revenue.

Guo Ping, Huawei’s deputy chairman and rotating CEO said in a statement, “In part, Huawei owes its long-term growth to the sheer size of the ICT market, which is the driving force of digital economies around the world. However, our growth is also a direct result of strategic focus and heavy investment in our core businesses. Over the next three to five years, we will concentrate on enhancing connectivity, enabling the development of vertical industries, and redefining network capabilities. With an open and collaborative approach, and a commitment to shared success, we will work closely with our customers and partners to maximise industry development opportunities.”

The company further added that about 15 percent of its revenue in 2015 funded its research and development efforts, totalling $9.2 billion, and pushing its total R&D investment over the past 10 years to more than $37 billion.

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