Backed by Cloud Computing and smartphone sales, China's Huawei Technologies is expecting a compound growth rate of 10 per cent in annual sales over the next five years.
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Guo Ping, Rotating Chief Executive Officer, Huawei, has confirmed that there is 32-per cent rise in Huawei's 2012 net profit to 15.4 billion yuan ($2.5 billion). Also, revenue rose 8 per cent to 220.2 billion yuan.
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According to a spokesperson from Huawei, "Information and communications technology will continue to grow, with new opportunities coming from cloud computing, BYOD (Bring Your Own Device), and big data, and feature phones being replaced by smartphones at a faster rate.”
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