Huawei Technologies has reported a 37% year-on-year rise in revenue to $60.8 billion. The company now holds the title for the largest telecommunication equipment manufacturer in the world. Its net profit was recorded at $5.7 billion, a 33% increase from last year.
This makes Huawei’s revenue for the fiscal year 2014-2015 the largest ever amongst the telecoms and network industry.
How The Numbers Statck Up
Huawei Technologies has three business arms, all of which contributed to its record-breaking revenue last year. These 3 groups are the Carrier Business Group, the Enterprise Business Group, and the Consumer Business Group.
The strong demand in LTE networks helped the Huawei Carrier Business group churn out revenue $35.87 billion, a 21% increase from to 2014.
At $4.26 billion, a 44% increase in revenue was reported by Huawei’s Enterprise Business Group. The business unit attributed growth to the increasing demand in public safety, finance, transportation, and energy sectors.
Huawei’s Consumer Business Group, which is responsible for smartphones and tablets, reported a 73% increase in annual revenues as the company surged to 3rd position by surpassing its major rivals, Xiaomi and Lenovo. The revenue was recorded at $19.9 billion.
Huawei owes its long-term growth to the sheer size of the ICT market in part, which is the driving force of digital economies around the world. However, our growth is also a direct result of strategic focus and heavy investment in our core businesses. – Guo Ping, Huawei CEO
Huawei vs. Competitors in Global Sales Volume
Cisco, currently the world’s largest vendor for networking equipment, reported sales of $42.9 billion for its fiscal year, an 8% year-on-year increase. At $9 billion, profits were up by 14.4%. The company reported revenue of $24.6 billion for first two-quarters of its fiscal year 2016 that ended on Jan 23.
Sweden-based Ericsson saw strong demand in India, China and North America as its revenue climbed by 6% to $30.43 billion. Profits were recorded at $1.68 billion.
The Finnish-based company Nokia, saw a 6% increase in sales with a recorded a revenue of $14.24 billion. However, net profit was down by down 56% year-over-year at $1.30 billion.
Guo Ping, Huawei’s rotating CEO attributed the growth to “a direct result of strategic focus and heavy investment in our core businesses.” The company has shown strong commitment to innovate by stating that 15% of its last year’s revenue (US$9.2 billion) was spent on its R&D department. They further revealed that in the past 10 years they have invested US $37 billion in its R&D.
Don’t know about these stats, but they r the worst employers……Highly unprofessional & unethical……employees are a liability for them rather than assets…
Can you provide some reasoning to back your claim.Bahi Yaha Huawei ke baat hau rahe hai kise khota rare ke baat nahe hau rahi.
Huawei is a big Khota rare arrangement,,,,run by khotas…….just look at their employee resignation rate overseas & their employee suicide rate in china……BTW pl join HUAWEI to feel what i m saying…..
I totally agree with u, I’m talking as an employee of huawei
Worst ever employer! Unethical business pratices all over the place! Disgusting!
In China all company treat same way….even I heard same from one person about apple. (i phone)
worked in Huawei long before as BSS Engineer in 2006 and it was the worst experience of all. All the things were going in haphazard ways ……. team lead was one-sided, admin has no sense who is in or out ……… Ufone, Telecard and WiMAX projects were at peak that time ……
worst culture and worst organizational skills …….I still remember that in one meeting the project manager of Huawei said that to hammer Ericsson’s equipment after it is swapped by Huawei (2012 Zong project, Ericsson to Huawei swap) ……..however they didn’t even know that it belongs to Zong ………