Sunday, April 27, 2014

Huawei Saw a 21% Jump in its Services Business Last Year

As a follow-up to its 2013 financial report issued last month, Huawei provided additional detail on its services business:  2013 sales from services amounted to US$8.59 billion, a YoY increase of 21.3%, accounting for 31% of the total Carrier Network Business Group (CNBG) revenue, making it the fastest-growing business for the group.

Huawei said its services group saw traction from End-to-End (E2E) Network Planning and Evolution, Managed Services, and Customer Experience Management (CEM) solutions.

Mr. David Leizhankui, Senior Vice President of Huawei Global Technical Service, said: "By enabling network and service evolution, Huawei Service has worked closely with carriers on their day-to-day operations, giving us deep insights and understanding into carriers' networks, services and customer experience. In fact, Services have become indispensable for meeting carrier demands."

http://pr.huawei.com/en/news/hw-333405-services.htm#.U13YkfldWP0

On 31-Mar-2014, Huawei reported 2013 sales revenues of CNY239 billion (US$38.45 billion), up 8.5% year-on-year (11.6% YOY growth in USD), and net profit of CNY21 billion (US$3.38 billion).  In its newly released annual report, the privately-held company said financial performance was strong across all business areas.

Some 2013 highlights:

  • Huawei's carrier network business achieved CNY166.5 billion in sales revenue, up 4.0% year-on-year. 
  • Enterprise and consumer businesses revenue increased by 32.4% and 17.8% to CNY15.2 billion and CNY57.0 billion, respectively. 
  • Huawei earned 65% of its revenue from markets outside of China in 2013.
  • In the Chinese market, Huawei achieved CNY84 billion in sales revenues, up 14.2% year-on-year.
  • Huawei invested CNY30.7 billion (~5.06 USD billion) into R&D, which is about 12.8% of its sales revenue. 
  • 150,000 employees

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