Huawei records 23.2% revenue growth in first half of 2019 despite political headwinds ▷ Kenya News

- The telco's income stood at KSh 6.03 trillion (23.2% rise) by end of July 2019 compared to same period under review in 2018

- Huawei's consumer business sales revenue hit KSh 3.32 trillion with smartphone shipments reaching 118 million units

- Tech giant's Chairman Liang Hua said operations are smooth and the organisation is as sound as ever

- The company is experiencing bruising trade sanctions from the US; a development Huawei earlier described as "hitting its vital parts"

- It has, however, said the challenges are nothing to worry about as they are creating new opportunities and opening a brighter future

Tech giant Huawei has registered 23.2% increase in revenue during the first six months of 2019 despite facing serious political headwinds.

In a statement, the teclo said its income at the end of July 2019 stood at KSh 6.03 trillion while its net profit for the first half (H1) of 2019 grew by 8.7%.

Huawei Chairman Liang Hua said operations are smooth and the organisation is as sound as ever. Photo: Huawei
Source: UGC

Huawei's Chairman, Liang Hua attributed the steady growth to "smooth" operations adding that "the organisation is as sound as ever."

"With effective management and an excellent performance across all financial indicators, Huawei's business has remained robust in the first half of 2019," Hua said.

Sales revenue reached KSh 2.20 trillion as a result of steady growth in production and shipment of equipment for wireless networks, optical transmission, data communications, IT, and related product domains.

To date, Huawei has secured 50 commercial 5G contracts and has shipped more than 150,000 base stations to markets around the world.

The telco's enterprise business revenue was KSh 474.65 billion.

This comes as Huawei continues to enhance its ICT portfolio across multiple domains, including cloud, artificial intelligence, campus networks, data centers, Internet of Things, and intelligent computing.

During the period under review, Huawei's consumer business sales revenue hit KSh 3.32 trillion Huawei's smartphone shipments (including Honor phones) reached 118 million units marking 24% year over year increase.

The company also saw rapid growth in shipment of tablets, PCs, and wearables.

Huawei is beginning to scale its device ecosystem to deliver a more seamless intelligent experience across all major user scenarios.

To date, the Huawei Mobile Services ecosystem has more than 800,000 registered developers, and 500 million users worldwide.

"Revenue grew fast up through May. Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term."

But we will stay the course. We are fully confident in what the future holds, and we will continue investing as planned – including a total of KSh 1.80 trillion this year. We'll get through these challenges, and we're confident that Huawei will enter a new stage of growth after the worst of this is behind us," Hua concluded.

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