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Huawei's H1 Revenue Up 19 Percent Year-On-Year At $22 Billion


Ron Burgundy
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A man walks past a Huawei company logo outside the entrance of a Huawei office in Wuhan, Hubei provinceHuawei Technologies Co Ltd, the world's No. 2 telecom equipment maker, said on Monday it will achieve sustainable growth in 2014 after posting a 19 percent jump in first-half revenue to 135.8 billion yuan ($21.88 billion). "Driven by increasing investments in LTE networks worldwide, Huawei has further solidified its leadership position in mobile broadband," Huawei's CFO Cathy Meng said in the statement. "Rapid growth in software and services helped maintain steady growth in our carrier network business." Meng said Huawei achieved "sustainable growth" in its consumer business, which includes smartphone manufacturing, thanks to better brand awareness.




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