Wednesday, January 12, 2005

Huawei Reports 2004 Sales of US$5.58 Billion

Huawei Technologies reported global sales for 2004 reached US$5.58 billion, representing a 45% growth from a year ago, and recorded a new sales target in the company's 17-year history. Huawei cited strong growth in its international sales, which contributed 117% percent growth from US$1.05 billion in 2003 to US$2.28 billion in 2004. Sales from the domestic China market continued at an 18% increase from US$2.78 billion in 2003 to US$3.3 billion in 2004.

Huawei continues to see achievements from its international market expansion plans to increase its global presence and drive sales in overseas markets. Notably the company has expanded its presence in the Southern Africa, Europe and Latin America regions, and is maintaining its growth momentum in the Asia Pacific and Middle East regions.

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