Huawei Technologies revenues up 30% on year in 1H15
China-based telecom equipment vendor Huawei Technologies has reported revenues of CNY175.9 billion (US$28.16 billion) for the first half of 2015, increasing 30% from a year earlier.
Operating margin stood at 18% in the first half, buoyed by steady growth of its three core business segments: telecom networks/equipment and services, enterprise business and consumer business.
Huawei’s shipments of smartphones have reached over 10 million units a month since May 2015, according to Richard Yu, CEO of the consumer businss group.
Huawei will be able to reach its goal of shipping over 100 million smartphones in 2015 in advance, Yu stated.