Huawei Technologies has been consistently showing tremendous growth in revenues and global popularity, with its pioneering technologies and devices that are winning the hearts of millions of consumers, in more than 140 countries, across the globe. Huawei is a leading innovator in telecom solutions and during the year 2014, the global revenues generated by this Chinese telecom giant had crossed a staggering 46.5 billion U.S. Dollars, after an annual growth of 20%, across all of its three business groups. Along with this, the operating profits for 2014 also crossed $5 billion. So far, this accelerated pace of growth is still continuing through the first quarter of 2015, as Huawei is well on its course to announce another 20% growth during this year too.
It was recently reported that; During his first public appearance in the Western Hemisphere, Ren Zhengfei – Huawei’s founder and CEO, had stated that; “Huawei Technologies Co. Ltd. is confident of reaching total revenues of $56 billion this year (2015), despite forecasts of slower economic growth in China, still the most important single market for Huawei. He further said that: “The main pressures on Huawei come from “growing so fast”. However, “We can’t stop growing just because of the challenges,” he added.
The main drivers of this superb growth were; a steady increase in 3G investment and the jump in 4G investments across the globe. During 2014, Huawei’s Consumer Business recorded a revenue increase of around 32% year-on-year, within a rapidly growing smartphone market worldwide. Moreover, Huawei’s Enterprise Business grew by around 27%, and now serves over 100 of the world’s top 500 companies. Investing about $6.5 billion in R&D, including LTE, 5G and Internet of Things (IoT), Huawei also established strategic partnerships with SAP and Accenture for joint innovation in cloud computing, big data & other key technologies.
Huawei has maintained very strict compliance and adhering to rules and regulations of the international markets. With a robust outlook on international expansions, Huawei continues to grow and be a formidable competitor to an increasing number of established companies, as it branches further into the enterprise IT and mobile device sectors. As a part of its corporate philosophy – Huawei does not see anyone as rivals, because it considers its competitors as “Partners”, who always inspire Huawei to grow stronger.