Huawei H1 sales revenues hit CNY175.9 bn, up 30%

NEW DELHI: ICT solutions provider Huawei has registered its H1 sales revenue at CNY175.9 billion, an increase of 30% year-on-year.

"In the first half of 2015, Huawei achieved stable and healthy growth in all of its three business segments," said Huawei Chief Financial Officer Meng Wanzhou.

The extensive application of our cloud computing, storage, agile network, and other flagship products and solutions in the smart city, finance, education, and ISP markets in and outside of China helped the company to pick up growth in the first half of this year, she said.

For the consumer business, Wanzhou said Huawei's high-quality products that offer a superior experience have been well received among consumers, and that the company has established and reinforced its brand image in the mid-range and high-end markets.

Huawei's mid-range and high-end smartphones, Mate7 and P8 in particular, as well as Honor-branded phones, have made solid progress, helping the company in a sustainable growth.

In the carrier business, it steered the development of next-generation network technologies such as software-defined and cloud computing, and drove the transformation of network architecture and operational models with its “SoftCOM” strategy centered on software-defined technology.

"Investment continued to pour into 4G network construction in China. In addition, the growth in global data traffic drives investment in network capacity expansion, while carriers' digital transformation pushes up investment in the ICT industry," Meng said.

"With Huawei's well-balanced, worldwide presence, we are confident that we will maintain effective growth and steady and healthy development in all business segments in 2015."