Huawei has announced its financial results for the first half of 2016, which indicate that in the first half of this year, the China-based firm generated sales revenue of CN Y245.5 billion (US $ 36.825 billion), an increase of 40% compared to the same period last year. The company’s operating margin was 12%.
“We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence and an unwavering focus on our pipe strategy,” said Sabrina Meng, Huawei’s CFO. “We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations.”
“Huawei’s enterprise business is on a fast development track. It has continued developing open systems and driving collaboration with customers and partners for joint innovation. As a result, enterprises are giving widespread recognition to Huawei’s innovative, industry-leading products and solutions. Huawei’s cloud computing, storage, and SDN products, Safe City and Electric Power IoT solutions have been widely adopted in sectors such as finance, power, transport, public security, education, and media,” stated Huawei in a statement.
“Huawei’s consumer business has maintained steady growth globally. Its flagship products, such as the P9, Mate 8, Honor V8, and MateBook, have all won significant support from consumers around the world. Huawei has become one of the most favored device brands in nearly 30 countries. And Huawei’s first 2-in-1 laptop, the MateBook, is now available in dozens of countries.”
In the carrier business, Huawei is innovating to support telecom operators’ digital transformation across four core areas: business, operations, architecture, and networks. The company is driving development of cutting-edge technologies such as 5G and IoT, which promise to reshape the role of telecom operators in the economy and across numerous industries.
The firm added that going forward, it “will remain customer-centric and adhere to its pipe strategy, and continue making significant investments in research and development to achieve technological breakthroughs.”