Featured Articles

Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
TSMC 16nm FinFET Plus in risk production

TSMC 16nm FinFET Plus in risk production

TSMC’s next generation 16nm process has reached an important milestone – 16nm FinFET Plus (16FF+) is now in risk production.

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 21 July 2014 10:27

Huawei makes a killing, jumps 19% in H1 2014

Written by Nick Farrell



Sticks two fingers at Amercia

Despite US paranoia, Chinese telecom’s outfit Huawei posted a 19 percent jump in first-half revenue to $21.88 billion. The Shenzhen-based company has had a few problems with the US who have been conducting a witchhunt on Chinese products which they claim ship with spyware and backdoors. Ironically, the only thing actually found with spyware on board came from Cisco and that was added by US spooks intercepting a shipment and installing it. 

Huawei said it expected to generate an operating margin of 18.3 percent in the first six months of 2014. There is little detail in the results, as the company is private and does not answer to anyone. However Huawei's CFO Cathy Meng said that the reason for the stonking profits was increasing investments in LTE networks worldwide.

"Rapid growth in software and services helped maintain steady growth in our carrier network business," she said.

Meng said Huawei achieved "sustainable growth" in its consumer business, which includes smartphone manufacturing, thanks to better brand awareness.

Huawei's sales growth in the first half, which the company said was in line with its expectations, comes after a 222 percent to 270 percent jump in first-half net profits flagged by competitor ZTE last week. 

Last year, Huawei reported a 10.8 percent rise in its first-half revenue. The company reported 12.2 percent growth in its operating margin in 2013. Huawei wants to get 10 per cent growth a year.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments