Saturday, July 23, 2005

Huawei Scores $4.1B Sales for 1st Half Year

From LightReading: Huawei H1 Sales Hit $4.1B

"Huawei Technologies Co. Ltd. is growing even faster than expected, according to a trading update issued today. And the company's latest numbers, and especially its international success, will act as yet another reminder to the traditional major vendors that they're facing intense competition from the Chinese vendor.

Huawei says it was awarded contracts worth 33 billion Renminbi ($4.1 billion) in the first six months of this year, an increase of 85 percent over the same period in 2004, when it notched up deals worth $2.2 billion.
That means Huawei is already more than half way towards its full-year target of $8 billion worth of contract sales. And to put it into further perspective, the first half total of $4.1 billion is 73 percent of the vendor's sales for the whole of 2004.

In addition, 62 percent of the total, RMB20.5 billion ($2.5 billion), came from deals outside its domestic market. That's higher than the firm's total international sales for 2004 of $2.3 billion."

Read more:
Chinese Equipment Vendor Huawei on a Roll - Deepens DSLAM Penetration
Huawei Unveils God Box
BBC News Report on Huawei: China IT giant eyes new horizons
China’s 3G attack, via Europe - ZTE, Huawei clinching important deals in Europe
Huawai gaining attention of North American carriers
Chinese Telecom Equipment Maker Huawei is Diving into the Core-Routing Market


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