Edition: International | Greek
MENU

Home » Business

Huawei Optimistic About Future of ICT

Huawei, a leading global information and communications technology (ICT) solutions provider, released its audited 2012 financial results. Huawei achieved steady business growth, recording sales revenues of US$35.4 billion and net profit of US$2.5 billion.

By: EBR - Posted: Wednesday, April 17, 2013

In 2012, Huawei invested US$4.8 billion, or 13.7%, of its total sales revenue into research and development (R&D). The company has established 16 R&D centers and 28 joint innovation centers across the world.
In 2012, Huawei invested US$4.8 billion, or 13.7%, of its total sales revenue into research and development (R&D). The company has established 16 R&D centers and 28 joint innovation centers across the world.

by EBR

In the next five years, Huawei forecasts a compound annual growth rate of 10%.

"In 2012, Huawei met business performance expectations through improved operational efficiency," said Guo Ping, Huawei's Rotating and Acting CEO." Today, telecom networks are yet to meet the requirements for ubiquitous connections - zero wait time, ultra broadband, and smart applications. In the future, ICT will continue to grow, with new opportunities coming from cloud computing, BYOD (Bring Your Own Device), and big data, and feature phones being replaced by smartphones at a faster rate. Huawei will continue to focus on its pipe strategy, integrate and develop businesses around the information pipe, and create value for customers, while achieving sustainable and effective growth."

Huawei's business demonstrated robust growth across all three of its business groups (BGs). The Carrier Network BG maintained its leadership position, achieving US$25.7 billion in sales revenue, an increase of 6.7% year-on-year. The Enterprise BG continued to grow in the Chinese market and actively expanded internationally, achieving US$1.8 billion in sales revenue, a 25.8% increase from the previous year. The Consumer BG's global sales revenue reached US$7.8 billion, an increase of 8.4% year-on-year. Rapid growth in Europe, the Middle East, and Africa contributed record regional sales revenue of US$12.4 billion, an increase of 6.1% year-on-year. In the Asia Pacific region, sales revenue was US$6.0 billion, an increase of 7.2% year-on-year; in the Americas, sales revenue was US$5.1 billion, an increase of 4.3% year-on-year. Huawei generated US$11.8 billion revenue from China, an increase of 12.2% year-on-year.

In 2012, Huawei invested US$4.8 billion, or 13.7%, of its total sales revenue into research and development (R&D). The company has established 16 R&D centers and 28 joint innovation centers across the world.

Moving forward, Huawei's Carrier Network BG is committed to being the preferred partner of its customers. Through vertical integration and continued investments, Huawei will continue to maintain its leadership position in network equipment. The Carrier Network BG will also strive towards operational excellence by capitalizing on opportunities presented by the increased demand for professional services, carrier data center integration and cloud services. Huawei's Enterprise BG will adhere to an integration strategy and focus on developing partnerships and helping those partners improve their business capabilities and by providing the industry's most competitive products in the areas of cloud computing, data center solutions, and storage. Huawei's Consumer BG is committed to becoming a world-leading smart device brand that delivers a superior customer experience. Huawei will continue to simplify its management processes, improve efficiency, and strive to create greater value for customers through its passionate and energetic 150,000 employees and industry-leading innovation.

Huawei’s full-year results, which have been independently audited by international accounting firm KPMG since 2000, are outlined in the company’s 2012 annual report. The annual report can be found at http://www.huawei.com/en/annualreport2012

READ ALSO

EU Actually

Danish social democratic prime minister Mette Frederiksen sometimes tougher on migration than Giorgia Meloni

N. Peter KramerBy: N. Peter Kramer

With her country holding the rotating EU presidency the second half of 2025, Danish prime minister Mette Frederiksen is advocating a stronger EU with more defence and less migration

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

Greek MEPs demand tariff-free trade in medicines as new deadline looms

Greek MEPs demand tariff-free trade in medicines as new deadline looms

Greek MEPs Papandreou and Tsiodras warn that US pharma tariffs threaten health and supply chains, urging the Commission to react accordingly.

Business

To save the Single Market, bring back Delors’ 1992 playbook

To save the Single Market, bring back Delors’ 1992 playbook

Most people familiar with EU affairs know the single market is a myth. Hailed as the bedrock of the European Union, it was never completed and is now crumbling.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron