Telecom Lead Team: Huawei Technologies, a leading telecommunications equipment maker in China, announced at the Mobile World Congress 2012 that its
revenue exceeded $32 billion in 2011, recording 11 percent growth year over
With this growth, Huawei has narrowed its gap behind
Sweden’s Ericsson AB, and recorded 50 percent revenue more than France’s
Alcatel Lucent. Stockholm-based Ericsson, the biggest maker of wireless network
equipment, reported 2011 sales of 227 billion kronor ($34.6 billion).
Huawei also met its profit targets, helped by sales of
mobile devices and growth at the enterprise business, he said. The company is
adding cloud computing and business computing services as well as sales of
smartphones and tablets as Huawei works on a goal of generating $100 billion in
William Xu, a Huawei board member and president in charge
of its enterprise division, however, said growth at Huawei Enterprise may be
slower than originally anticipated, Xu said today, adding that $15 billion in
contract revenue by 2015 is a more realistic target. Despite this, the
enterprise business of Huawei is planning to double its workforce to more than
20,000 people this year.
The enterprise unit is making about 40 percent of its
sales in China and the rest in other parts of the world.
Huawei India revenue up 20% to $1.2 billion in 2011
In India Huawei recorded $1.2 billion revenue in
2011. Growth was around 20 percent comparing with 2010 revenue.
“The year 2011 was very good for us. But this year
will be a tough year. However, our recent discussion with telecom
minister assisted us in gaining confidence on 2G spectrum issue and we are
hopeful that the market will improve soon,” said Cai Liqun, chief
executive officer, Huawei India.
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