Beiruting - Life Style Blog - Huawei Announces H1 2019 Revenue: 23.2Percent YoY Growth
previous article
next article
Huawei Announces H1 2019 Revenue: 23.2Percent YoY Growth
(HighTech) 3 weeks ago
Huawei announced its business results for the first half of 2019:  USD $58.34 billion in revenue, a 23.2% increase over the same period last year. The company's net profit margin for H1 2019 was 8.7%.[1]

According to Huawei's Chairman, Liang Hua, operations are smooth and the organization is as sound as ever. With effective management and an excellent performance across all financial indicators, Huawei's business has remained robust in the first half of 2019.

In Huawei's carrier business, H1 sales revenue reached USD $21.29 billion, with steady growth in production and shipment of equipment for wireless networks, optical transmission, data communications, IT, and related product domains. To date, Huawei has secured 50 commercial 5G contracts and has shipped more than 150,000 base stations to markets around the world.

In Huawei's enterprise business, H1 sales revenue was USD $4.59 billion. Huawei continues to enhance its ICT portfolio across multiple domains, including cloud, artificial intelligence, campus networks, data centers, Internet of Things, and intelligent computing. It remains a trusted supplier for government and utility customers, as well as customers in commercial sectors like finance, transportation, energy, and automobile.

In Huawei's consumer business, H1 sales revenue hit USD $32.1 billion. Huawei's smartphone shipments (including Honor phones) reached 118 million units, up 24% YoY. The company also saw rapid growth in its shipments of tablets, PCs, and wearables. Huawei is beginning to scale its device ecosystem to deliver a more seamless intelligent experience across all major user scenarios. To date, the Huawei Mobile Services ecosystem has more than 800,000 registered developers, and 500 million users worldwide.

"Revenue grew fast up through May," said Liang. "Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term."

He added, "But we will stay the course. We are fully confident in what the future holds, and we will continue investing as planned - including a total of USD $17.44 billion in R&D this year. We'll get through these challenges, and we're confident that Huawei will enter a new stage of growth after the worst of this is behind us."

FIND YOUR PLACE
search
YOU MIGHT ALSO LIKE
Le Gray Beirut
Simply Seductive…
  With the opening of Le Gray, Beirut finally has the hotel it deserves – a contemporary luxury hotel as stylish as the... read more
Martyrs’ Square, Beirut Central District
09 901 701 - 70 50 40 04
view map
Movenpick
A haven for business and leisure.
Mövenpick Hotel & Resort Beirut offers a diversity of five restaurants and bars ranging from the traditional Lebanes... read more
General de Gaulle Avenue - Raouché
09 901 701 - 70 50 40 04
view map
Lancaster Plaza
Hotel and Suites
The 5-Star hotel represents a refined world of hospitality and a distinct notion of Luxury. Standing in the heart of the... read more
Beirut, Raouche
09 901 701 - 70 50 40 04
view map
Phoenicia Hotel Beirut
Everybody's elite destination
Lebanon - a colorful Mediterranean country with a magnificent climate, full of unexpected contrasts. It is rich in histo... read more
Minet El HosnBeirut, Lebanon 11846
09 901 701 - 70 50 40 04
view map
Kempinski Summerland Hotel
Luxury 5 Star Resort
Welcome to Kempinski Summerland Hotel & Resort Beirut, where luxury unfolds in the heart of a historic city.  A mesm... read more
Jnah
09 901 701 - 70 50 40 04
view map