Huawei says growth up more than 23 per cent

Revenue also at US$58.34 billion.
Huawei, Tech, China, Business

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A street scene in Chiwan, China. Photo credit: Ben Mack

Huawei announced its business results for the first half of 2019.

The company reported USD $58.34 billion in revenue, a 23.2% increase over the same period last year. The company's net profit margin for H1 2019 was 8.7%.

In Huawei's carrier business, H1 sales revenue reached USD $21.29 billion, with steady growth in production and shipment of equipment for wireless networks, optical transmission, data communications, IT, and related product domains. To date, Huawei has secured 50 commercial 5G contracts and has shipped more than 150,000 base stations to markets around the world.

In Huawei's enterprise business, H1 sales revenue was USD $4.59 billion. Huawei continues to enhance its ICT portfolio across multiple domains, including cloud, artificial intelligence, campus networks, data centers, Internet of Things, and intelligent computing.

In Huawei's consumer business, H1 sales revenue hit USD $32.1 billion. Huawei's smartphone shipments (including Honor phones) reached 118 million units, up 24% YoY. The company also saw rapid growth in its shipments of tablets, PCs, and wearables. Huawei is beginning to scale its device ecosystem to deliver a more seamless intelligent experience across all major user scenarios. To date, the Huawei Mobile Services ecosystem has more than 800,000 registered developers, and 500 million users worldwide.

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