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Huawei's Australian enterprise business posts triple digit revenue growth

Huawei's Australian enterprise business posts triple digit revenue growth

Company reports $US4.5 billion global profit - up 32.7 per cent

Huawei Technologies' giant stand at Cebit featured a vast range of enterprise storage, computing and networking hardware

Huawei Technologies' giant stand at Cebit featured a vast range of enterprise storage, computing and networking hardware

Huawei's Australian business has posted 18 per cent revenue growth in 2014 on the back of triple digit growth in its enterprise business.

The Australian arm of the company recorded 109 per cent revenue growth in enterprise and a 38 per cent jump in consumer revenue.

In contrast, carrier revenue growth was only 11 per cent.

But the overall Australian growth represents the company's tenth consecutive year of growth.

Globally the company's net profit jumped 32 per cent to $US4.5 billion, while revenue hit $US46.5 billion, an increase of 20.6 per cent from 2013.

The consumer business group led the way posting the strongest revenue increase (32.6 per cent).

The enterprise group followed closely (27.3 per cent) with revenues of $US3 billion.

While the carrier group posted by far the most revenue (31 billion) with almost three times the revenue as the consumer business, but lagged in growth, with 16.4 per cent.

Huawei deputy chairman of the board and rotating chief executive, Ken Hu, said the company had made heavy investment in areas such as cloud computing, Big Data, 5G, SDN and NFV.

"We believe we are well positioned to capture the tremendous business opportunities in this digital transformation era,” he said.

In 2014, Huawei invested $USD6.6 billion into research and development, representing 14.2 per cent of 2014 revenue and a significant increase of 29.4 per cent from 2013.

Huawei chief financial officer, Meng Wanzhou, said, in 2014, the company maintained effective growth and achieved steady financial performance.

"Our cash flow, revenue, and profit all grew over the previous year," he said.

"The net cash amounted to $USD12.6 billion.

"Moreover, our debt and financing structures have continuously improved.

"Huawei's short-term and long-term borrowings totaled $USD4.5 billion as of December 31, 2014, provided primarily by overseas financial institutions at market rates."

Meng said, as 2015 unfolds, ICT technologies, notably broadband, Cloud computing, Big Data, and the Internet of Things (IoT), were becoming driving transformations in many industries.

"Huawei will continue focusing on pipe strategy to create value for our customers," he said.

"Through the dedication of our employees, Huawei strives to become a strategic partner for carriers in their future transformation, a leader in providing enterprise ICT infrastructure, and a top smart device brand preferred and trusted by consumers.”

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Tags Huawei chief financial officerKen HuMeng WanzhouHuawei deputy chairman of the board and rotating chief executive

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