Sales revenue of China’s telecom major Huawei has reached over $21 billion in the first six months of this year, an 19 per cent increase compared over the same period last year, the company announced here on Monday.
The Shenzhen based firm, in a statement, said that in the first six months of this year, Huawei generated sales revenue of RMB 135.8 billion ($21.85) an increase of 19 percent year-on-year with an operating margin of 18.3 per cent. "Revenue and profit for the first half of 2014 are in line with our expectations.
"Driven by increasing investments in lTE networks worldwide, Huawei has further solidified its leadership position in mobile broadband," Cathy Meng, Huawei's Chief Financial Officer said.