Huawei reports first half 2013 Operational Results
Global information and communications technology (ICT) solutions provider, Huawei has announced its unaudited financial and operational results for the first half of 2013. In this quarter, Huawei has generated revenues of CNY 113.8 billion with an increase of 10.8% over the same period in 2012.
Cathy Meng, CFO, Huawei, said, "Our success in H1 2013 was mainly driven by the steady growth of the Carrier Network business, the expansion of the Enterprise business, and the fast growth of the Consumer business, as well as the continuous enhancement of our overall operational efficiency. Revenues and profits are in line with our expectations. From these positive indicators, we believe Huawei will generate strong performance and profit margins in the second half of this year and are confident that we will achieve our goal to increase revenue by 10%.
Based on this robust growth and other positive business indicators, Huawei expects to generate a net profit margin of 7–8% in 2013.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.