Chinese telecoms equipment maker, Huawei Technologies expects advances in cloud computing and higher demand for smart devices to have lifted 2014 sales revenue by 15 percent to $46 billion, CEO Ken Hu said in a new year's message on the company's website.
The Shenzhen-based company, for which three executives share CEO duties in six-month rotation, had said last year that it will achieve sustainable growth in 2014. It had also targeted revenue of $70 billion by 2018, or annual growth of about 10 percent a year.
Huawei's smartphone shipments rose by more than 40 percent last year, according to an internal memo seen by Reuters, failing to match its own target and the performance of faster-growing rivals such as Xiaomi.
Huawei SZays Cloud Computing Lifted Sales Revenue by 15 percent
Comms Week6 Jan 20150 Comments
Chinese telecoms equipment maker, Huawei Technologies expects advances in cloud computing and higher demand for smart devices to have lifted 2014 sales revenue by 15 percent to $46 billion, CEO Ken…
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Trained and practicing journalist passionate about telecommunications, fintech, cybersecurity, and digital economy reporting.
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