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Huawei maintained steady growth in 2010

Anuradha Shukla | April 18, 2011
Reports revenues of US$28.35 billion last year.

SHENZHEN, CHINA, 18 APRIL 2011 - Huawei reported an increased net profit of US$3.64 billion in 2010, up 30 per cent from 2009, according to its full-year 2010 financial results audited independently by international accounting firm KPMG.

The global telecom solutions provider experienced sales revenues of US$28.35 billion and net profit margin of 12.3 per cent in 2010.

The company significantly expanded in overseas market last year, and also continued development in its three core business divisions – Telecom Networks, Global Services, and Devices.

Huawei attributes its growth to these developments that helped it to maintain its steady growth.  

Creating value for business

Huawei successfully deployed more than 80 SingleRAN networks for operators by the end of 2010. Out of these 80 networks, 28 LTE networks were commercially launched or ready to be launched.

The company shipped 120 million devices around the world and also launched its enterprise business in 2010.

Looking forward it is set to further develop this offering, which provides network infrastructure, fixed and wireless communication, data centre, and cloud computing solutions for global industry and enterprise customers.

“Operators continue to choose Huawei for our unique ability to transform their needs into customised, innovative, and flexible solutions that create maximum value for their business,” said Ken Hu, deputy chairman of Huawei Technologies. “As part of Huawei’s future growth strategy, we leveraged our deep experience in the telecoms industry to expand into new areas, including the enterprise and device businesses, and will continue to capitalise on opportunities provided by the industry’s digital transformation to support our global business in 2011.”

 

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