Huawei profits up 30% in 2010

Chinese vendor sees strong growth in overseas markets
Huawei's HQ in Shenzhen, China. The vendor record solid growth in overseas markets in 2010.
Huawei's HQ in Shenzhen, China. The vendor record solid growth in overseas markets in 2010.


Huawei has reported strong results for FY10, with sales revenues up 24.2% over the previous year, to CNY 185.2 billion, ($28.5bn), and profits up 30% to CNY 23.8 billion ($3.7bn).

The company attributed the growth to expansion in markets outside of China, and to steady growth in its three main business units, Telecom Networks, Global Services, and Devices.

Huawei also launched its enterprise business in 2010, to offer provides network infrastructure, fixed and wireless communication, data centre, and cloud computing solutions to the enterprise sector.

The company announced plans to restructure, to adopt a more market-oriented corporate governance approach. Each of Huawei's main business units will now be overseen by an executive management team, which will report to the company's CEO and a board of directors.

"Operators continue to choose Huawei for our unique ability to transform their needs into customised, innovative, and flexible solutions that create maximum value for their business," said Ken Hu, deputy chairman of Huawei Technologies.

"As part of Huawei's future growth strategy, we leveraged our deep experience in the telecoms industry to expand into new areas, including the enterprise and device businesses, and will continue to capitalize on opportunities provided by the industry's digital transformation to support our global business in 2011."

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story