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Huawei reports revenue of US$60.8 billion in 2015

Nurdianah Md Nur | April 1, 2016
Strategic focus and investment led to the company’s sustainable growth.

Huawei today (1 April 2016) announced that its Carrier, Enterprise, and Consumer Business Groups (BGs) generated a total of CNY395 billion (US$60.8 billion) in annual revenue worldwide in 2015, a 37 percent year-on-year increase.

The Chinese tech giant said that its Carrier BG generated CNY232.3 billion (US$35.8 billion) in annual revenue, up 21 percent year-on-year. Widespread rollout of 4G networks accounted for a large portion of this growth.

As for its Enterprise BG, it generated CNY27.6 billion (US$4.3 billion) in annual revenue, an increase of 44 percent year-on-year. In particular, Huawei's enterprise business experienced rapid growth in the public safety, finance, transportation, and energy sectors.

Meanwhile, Huawei's Consumer BG reported CNY129.1 billion (US$19.9 billion) in annual revenue, a 73 percent year-on-year increase. This growth was a direct result of increased demand for high-quality products that deliver a premium user experience, as well as Huawei's growing influence as a consumer brand.

According to Guo Ping, Huawei's Deputy Chairman and rotating CEO, the company's "growth is a direct result of strategic focus and heavy investment in [its] core businesses." Over the past 20 years, Huawei has remained focused on ICT infrastructure, steadily investing in research and development (R&D). In 2015 alone, Huawei invested 15 percent of its annual revenue - CNY59.6 billion (US$9.2 billion) - in R&D. Huawei's total R&D investment over the past decade exceeds CNY240 billion (approximately US$37 billion).

"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," added Guo.

 

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