Huawei Sees Sales Grow 29% To $30bn
Saturday, 02 May 2009

Chinese telecoms solutions company Huawei expects its sales to grow 29 percent to $ 30 billion this year despite the current economic meltdown, says a top company official.

Ross Gan, the company's global head of corporate communications, told Bangladeshi journalists at Huawei's headquarters in Shenzhen last Monday that they were maintaining sustainable and healthy growth in the last five years.

"Huawei maintained stable growth in first quarter of 2009 too," he said and explained the reasons for its success.

The company does a lot of research and development on the requirements of operators and is quick to response to their needs.

"We provide three levels of customer service -local, regional and international," Gan said.

Last year, Huawei signed contracts worth $ 23.3 billion, with 75 percent of them coming from the international market. The figure was $ 16 billion in 2007, $ 11 billion in 2006, $ 8.2 billion in 2005 and $ 5.6 billion in 2004.

Revenues soared 43 percent to $ 18.33 billion in 2008 while operating profits jumped 3 to 13 percent. Net profits also limed 20 percent to $ 1.15 billion.

Ross declared that the economic downturn would have no adverse impact on their business for two reasons—customer-centric innovation and, management transformation.

In the 1980s tele-density was 1 percent in China but now it is 60 percent and Huawei is the market leader in the telecoms solution there, the official added.

Huawei is serving 36 of the world's top 50 telecoms operators in over 100 countries as well as over one billion users worldwide.

At the end of the June 2008, Huawei had over 87,502 employees with 22000 of them based outside China. It has 22 regional headquarters and 100 branch offices.

Source: bdnews24.com

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