Huawei revenue surges 30% to $28 bn in H1 2015

Networking vendor Huawei said its revenue rose 30 percent to CNY 175.9 billion or $28.31 billion in the first half of 2015 with operating margin of 18 percent.

For comparison, the revenue of Ericsson fell 6 percent to SEK 114.2 billion or $13.18 billion in H1 2015. Ericsson posted 11 percent increase in Q2 2015 revenue to $7 billion or SEK 60.7 billion. Ericsson does not have revenue from devices and enterprise segments.

Ericsson India achieved 85 percent growth in sales revenue in the second quarter of 2015.

ALSO READ: Ericsson India Q2 sales up 85% to $357 mn fueled by mobile broadband biz

The first half sales revenue growth came from solid performance in Huawei enterprise business, consumer business and steady growth in carrier segments. Huawei, which issued a statement on H1 financial results, did not share the break-up of revenues, regional performance, etc.

Huawei said its enterprise business has started to experience accelerated growth thanks to its innovative products and solutions. Huawei focuses on cloud computing, storage, agile network, and other products and solutions for verticals such as smart city, finance, education, and ISP markets in China and abroad.
The Chinese company said its mid-range and high-end smartphones such as Mate7 and P8, as well as Honor smart phones received good demand telecom markets across the word.

Huawei invested in the carrier business to strengthen its leadership focusing on telecom network technologies such as software-defined and cloud computing, and transforming 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. These factors helped us maintain steady growth in the carrier business,” said Huawei’s Chief Financial Officer Meng Wanzhou.

Baburajan K
[email protected]