Overall Group revenue reached CNY288.2 billion (USD46.5 billion), an increase of 20.6% from 2013, and Group net profit reached CNY27.9 billion (USD4.5 billion), up 32.7% year on year.

“Our strong revenue growth in 2014 can be attributed to a continuous focus on our pipe strategy, while profit increase stems from streamlined management and improvements in overall efficiency,” said Ken Hu, Deputy Chairman of the Board and Rotating CEO. “With heavy investment in innovations in areas such as cloud computing, big data, 5G, SDN and NFV, we believe we are well positioned to capture the tremendous business opportunities in this digital transformation era.”

The financial strength reinforces the strong technical strides that Huawei seems to be making.

Growth was strong across all business units. Revenues from the carrier networks division grew by 16%, the consumer group sales rose by 33% to more than $10 billion for the first time ever. At its enterprise division, Huawei indicated revenue growth of 27%.

For more details on the announcement, see http://pr.huawei.com/en/news/hw-420605-annualreport.htm#.VR1BZ_nF_Ys

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