Huawei reports rise in revenue and profits for 2010

Chinese manufacturer posts strong growth in 2010 and announces plans to double workforce in the UK over the next three years in a bid to extend its enterprise and device business base

Huawei reports rise in revenue and profits for 2010

Huawei’s sales revenues for the whole of 2010 reached CNY 185.2bn – a rise of 24.2%, while net profit grew by 30% to CNY 23.8bn. The company’s net profit margin was 12.3%.

The Chinese company attributed much of its growth to a ‘notable expansion in overseas markets as well as continued development in its three core divisions: Telecom Networks; Global Services; and Devices’.

By the end of 2010, Huawei said it had deployed over 80 SingleRAN networks for operators, among which 28 LTE networks were commercially launched or ready to be launched. It also shipped 120 million devices globally.

Huawei announced that it intends to ‘dedicate extensive resources to further develop’ its enterprise division, which launched last year. It provides network infrastructure, fixed and wireless communication, data centre and cloud computing solutions for global industry and enterprise customers.

In April, Huawei revealed it was on a recruitment drive in the UK, where it plans to create 500 new jobs over the next three years at its headquarters in Basingstoke. It wants to extend its enterprise and device business base and is looking to recruit engineers and sales professionals, through to management roles. It also plans to generate a further 1,000 to 1,500 sub-contracting roles over the same time scale.

Written by Wireless magazine
Wireless magazine


  1. Guest
    Guest9th Jun 2011

    Hey that post leaves me feeilng foolish Kudos to you

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