Cybersecurity
Huawei Posts Record Earnings on Network Equipment Sales
This article is for subscribers only.
Huawei Technologies Co., China’s biggest maker of phone network equipment, forecast a 10 percent increase in sales this year after posting record earnings on rising demand from wireless carriers for gear.
Revenue will rise from 239 billion yuan ($38 billion) last year, the Shenzhen, China-based company said today. Net income for 2013 was 21 billion yuan, it said, or 36 percent more than it reported the previous year.