Huawei releases H1 2011 results
Company realised 11% year-over-year increase in sales revenue
Huawei has released its financial results for H1 2011 and revealed that sales revenue grew 11% year-over-year to $15.36 billion and operating profit reached $1.9bn.
"Huawei's performance in the first half of 2011 was in line with our expectations, while growth was stable and robust," said Cathy Meng, chief financial officer, Huawei. "Although the global economy continues to face uncertainty, we remain confident in achieving our annual sales target of $31.1bn with our Device and Enterprise businesses as new growth drivers."
Huawei is currently transforming into an integrated ICT solutions vendor to capitalise on the significant growth presented by this market.
In the first half of 2011, Huawei launched its first multi-mode SingleRAN solution which supports both WiMAX and LTE, and helped Saudi Arabian operator Mobily deploy its TD-LTE/WiMAX dual-mode commercial network.
The company also deployed over 130 SingleRAN commercial networks around the world, all of which support LTE.
More than 40 of the operators who have deployed the SingleRAN technology will have launched or will soon launch LTE networks.
In early 2011, Huawei established its Enterprise Business Operation Centre, to help promote ICT transformation in the enterprise market.
Huawei Enterprise has now expanded its businesses into over 100 countries, providing ICT infrastructure construction and information services to multiple industries including government, finance, transportation, power, energy and the internet.
Huawei has also launched an upgraded version of its Telepresence product, an HD video conferencing system and a new high-performance access router, delivering comprehensive IP network solutions to enterprise customers.
In H1 2011, Huawei launched cloud solutions for the visual media ("Media Cloud") and healthcare ("Health Cloud") industries.
Huawei Device saw strong growth during this period, with shipments up by 40% year-over-year to 72 million units.
In the mobile broadband market, Huawei ranked among the top providers globally.
The handset business grew by over 100% with smartphones at the centre of the growth and the shipment of Android-based smartphones ranking among the top five in the world. Huawei also launched one of the industry's first cloud service platforms and first cloud smartphone, as well as the world's first 7-inch Android 3.2 honeycomb dual-core tablet, the Media Pad.