Huawei revenue up 30 per cent to £18 billion


Boost is largest revenue increase in five years for Chinese manufacturer following strong smartphone sales

Huawei said its revenue increased by almost a third in the first six months of 2015 as the smartphone and infrastructure firm set out plans for an IT push.

The Chinese manufacturer saw its H1 revenues rise to 175.9 billon yuan (£18 billion), up 30 per cent from £13.8 billion in the first half of 2014.

The 30 per cent increase is the highest recorded rate of growth for Huawei since it first started reporting half year revenues in 2011. It also announced operating margin of 18.1 per cent.

Huawei chief financial officer Cathy Meng said the firm had seen growth across all three segments of its business – enterprise, consumer and carrier infrastructure.

She said the smartphone business done particularly well, adding: ” Huawei’s mid-range and high-end smartphones, Mate7 and P8 in particular, as well as Honor-branded phones, have made solid progress, helping us guarantee quality and sustainable growth in the consumer business.”

Huawei was the fourth biggest smartphone vendor in the first three months of 2015, according to figures from Gartner, behind Samsung, Apple and Lenovo.

It was also third largest smartphone vendor it in it’s home market, behind Apple and Xiaomi, according to figures from IDC.

Huawei also set out plans for Huawei to become a “global leader” in the ICT market.

Meng added: “Investment continued to pour into 4G network construction in China. In addition, the growth in global data traffic drives investment in network capacity expansion, while carriers’ digital transformation pushes up investment in the ICT industry.”

“These factors helped us maintain steady growth in the carrier business.”