Huawei reported revenues of US $ 75.1 billion in 2016

The company announced that the high growth experienced last year will allow it to continue investing heavily in research and development.

The Chinese multinational Huawei made public its financial results for the year 2016. According to the company, which has a presence in more than 170 countries, in this period recorded revenues of the US $ 75.1 billion, a growth of 32% over the previous year.

Huawei reported revenues of US $ 75.1 billion in 2016

Huawei said that its business units Carrier, Enterprise, and Mobile Devices registered real figures, allowing it to continue to invest heavily in research and development.

According to Eric Xu, Acting CEO of Huawei, in 2016 the company maintained its strategic focus, achieving substantial growth. “As humanity continues to explore and create new gaps in the digital world, digitalisation and intelligence are generating great business opportunities for all industries, while paving the way for further growth in the ICT industry. Focused on our customers and we will support digital transformation in all sectors, to create value and, in this way, ensure that the company grows in the future. “

Detail by business unit. During 2016, the Carriers business unit generated revenues of the US $ 41.8 billion, an increase of 24% compared to 2015. This result was mainly due to the company’s focus on digital transformation and seizing opportunities Of market that were presented in the cloud, video, Internet of the Things, and in the conversion of the operations experienced by the carriers.

Meanwhile, the Business Solutions unit, working closely with its customers, experienced a growth of 47% in 2016, implying revenues of the US $ 5.9 billion. In this business area, Huawei’s support for the digital transformation of the main vertical industries such as finance, energy, government agencies and public security was essential.

Thanks to increasingly innovative product design and growing worldwide recognition as a premium brand, Huawei’s Mobile Equipment business unit exported 139 million Smartphone units in 2016, reporting revenues of $ 25.9 billion in 2016, Growth Of 44%.

Sabrina Meng, CFO of Huawei, said that “by 2016 the company remained operationally healthy, with ample cash reserves, a stable and sustainable capital structure, and a robust risk position.In 2017 We will continue to drive the efficiency and quality of our operations to ensure robust growth, “he said.

Huawei’s financial statements for the year 2016 were audited by independent consulting firm KPMG.

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