Huawei Technologies’ sales revenue up by 19% for first half of 2014

Huawei Technologies’ sales revenue up by 19% for first half of 2014

Huawei Technologies chief financial officer Cathy Meng on Monday reported that the company's sales revenue has increased by 19 % for the first half of 2014 to 135.8 billion yuan. Further, he added that the revenue and profit for the first half of 2014 are in line with company's expectations.

Meng stated that such a great performance in company's efforts in the enterprise business have "begun to pay off" as the company has "enjoyed accelerated growth" particularly in this area.

Huawei has ventured into a number of things, including investments in LTE networks worldwide, and leadership position in mobile broadband, thanks to the company's rapid growth in software and services. This expansion has enabled the company to achieve "quality and sustainable growth" in its consumer business, which has largely attributed to a boost in brand awareness and a bump in global sales of smart devices.

"Our flagship smartphone, the Ascend P7, is being sold in more than 70 countries and regions. We are confident that in 2014 we will achieve sustainable growth, robust operations, and healthy financials", said Meng.

On this whole thing, Eric Xu, Huawei's rotating and acting CEO, said that "favorable global macroeconomic and industry environment" helped boost the company's revenue. He added that the company has managed a global presence, which has helped it achieve stable and continuous growth in the carrier network, enterprise, and consumer businesses.

He added that in future the company aims at being committed to innovation and cooperation so as to create greater value for its customer base; this would be looked into by advancing the ICT industry and contributing to the building of a better connected world.