Huawei profits surge to US$1.94 billion


Huawei posted impressive financial results for the first half of 2011. Sales revenue grew 11 per cent YoY to US$15.34 billion and operating profit reached US$1.94 billion.

"Huawei's performance in the first half of 2011 was in line with our expectations, while growth was stable and robust," said Cathy Meng, Chief Financial Officer, Huawei.

Huawei has traditionally focused on providing telecom solutions for the operator segment and transforming into an integrated ICT solutions vendor to capitalise on the significant growth presented by this market.

In the first half of 2011, Huawei continued to further enhance its leading position in the carrier market. In the wireless area, Huawei launched the first multi-mode SingleRAN solution which supports both WiMAX and LTE, and helped Saudi Arabian operator Mobily deploy the world's first TD-LTE/WiMAX dual-mode commercial network.

During this period, Huawei also deployed over 130 SingleRAN commercial networks around the world, all of which support LTE. More than 40 of those operators who have deployed the SingleRAN technology will have launched or will soon launch LTE networks.

In early 2011, Huawei established its Enterprise Business Operation Center, actively promoting the ICT transformation of the enterprise market.

Huawei Enterprise has expanded its businesses into over 100 countries, providing ICT infrastructure construction and information services to multiple industries including government, finance, transportation, power, energy and the Internet.

Huawei also introduced new cloud computing business models by launching cloud solutions for the visual media (Media Cloud) and healthcare (Health Cloud) industries.

Huawei's cloud computing and data centre solutions have been deployed in over 20 countries in the world, widely used across different industries such as operators, medical, radio & broadcast, the Internet, education and e-government, among others.

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