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China's Huawei Says 2014 Sales Revenue To Rise 15 Percent To $46 Billion

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A man walks past a logo during the presentation the Huawei's new smartphone, the Ascend P7, launched by China's Huawei Technologies in ParisBEIJING (Reuters) - Chinese telecoms equipment maker Huawei Technologies expects advances in cloud computing and higher demand for smart devices to have lifted 2014 sales revenue by 15 percent to $46 billion, CEO Ken Hu said in a new year's message on the company's website. The Shenzhen-based company, for which three executives share CEO duties in six-month rotation, had said last year that it will achieve sustainable growth in 2014. It had also targeted revenue of $70 billion by 2018, or annual growth of about 10 percent a year. ...




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