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Huawei Hits CNY245.5 Bn Revenue

Huawei has announced its business results for the first half of 2016.

Huawei generated sales revenue of CNY245.5 billion, in the first six months of this year, an increase of 40% comparing with the same period last year.

Huawei is the third-biggest smartphone vendor in the world behind Samsung and Apple and one of the world’s largest telecommunications firms.

Originally known for its low-cost smartphones, Huawei has now moved into higher-end models.

According to the company it’s operating margin was 12%. “We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence and an unwavering focus on our pipe strategy,” said Sabrina Meng, Huawei’s Chief Financial Officer. “We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations.”

According to a statement from Huawei, the tech firm’s enterprise business is on a fast development track. It has continued developing open systems and driving collaboration with customers and partners for joint innovation.

“As a result, enterprises are giving widespread recognition to Huawei’s innovative, industry-leading products and solutions. Huawei’s cloud computing, storage, and SDN products, Safe City and Electric Power IoT solutions have been widely adopted in sectors such as finance, power, transport, public security, education, and media”.

Huawei’s consumer business has maintained steady growth globally. Its flagship products, such as the P9, Mate 8, Honor V8, and MateBook, have all won significant support from consumers around the world. Huawei has become one of the most favored device brands in nearly 30 countries. And Huawei’s first 2-in-1 laptop, the MateBook, is now available in dozens of countries.

In the carrier business, Huawei said it is innovating to support telecom operators’ digital transformation across four core areas: business, operations, architecture, and networks. The company is driving development of cutting-edge technologies such as 5G and IoT, which promise to reshape the role of telecom operators in the economy and across numerous industries.

Huawei said, looking ahead, it will remain customer-centric and adhere to its pipe strategy, and will continue making significant investments in research and development to achieve technological breakthroughs. Huawei will continue to work with its customers and partners to maximise the value of new developments and technologies, and to build a Better Connected World.

Source: Starrfm

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