Thursday, January 19, 2006

China's Networking Giant Huawei Doubles International Sales

From Light Reading:

"Huawei Technologies Co. Ltd. boosted its international sales by 110 percent to nearly $5 billion in 2005, according to fresh details from the Chinese vendor, which earlier this week announced total sales for the year of $8.2 billion.

According to a Huawei spokesman, the value of contracts won outside China in 2005 was $4.8 billion, or nearly 59 percent of total sales. That compares with $2.28 billion in 2004, or 41 percent of the year's total $5.58 billion sales.

2005 revenues were $5.6 billion, up 46 percent from $3.83 billion the year before, according to Huawei officials."


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