HONG KONG-Huawei Technologies Co. Ltd. provided a glimpse into its finances at the ITU trade show taking place in Hong Kong. The Chinese vendor said it expects to take in $11 billion in sales during 2006, having earned $5.2 billion during the first half of the year, representing a 29-percent increase over sales posted in the first half of 2005.
In international markets, Huawei said it brought in $3.4 billion in revenues, an increase of 36 percent compared with the same period in 2005. The company said contracts in international markets represent 65 percent of its total contract sales generated in the first half of this year.
“Huawei expects to deliver steady and sustainable growth as industry adoption of powerful IP-based technologies, such as IP Multimedia Subsystems (IMS), accelerate the pace of network transformation among operators. With its broad product portfolio based on a shared design platform, Huawei is well positioned to help operators to realize the full potential of their network assets and fulfill their fixed-mobile convergence vision,” said Dr. Xu Zhijun, executive vice president and chief marketing officer at Huawei.
The company further noted that it is deepening its relationships with key customers, such as Telefonica, Vodafone Group plc and British Telecom. Huawei pointed out that it has secured 35 commercial UMTS contracts to date, scoring deals with operators such as Japan’s eMobile and Administraci
