Huawei outlines worldwide growth drivers during Global Analyst Summit 2013

Huawei, a leading global information and communications technology (ICT) solutions provider, recently welcomed over 140 industry analysts to its headquarters in Shenzhen, China, for its 10^th annual Global Analyst Summit. Over the past decade, the summit has become a platform for Huawei to share updates on its financial performance as well as its business and solution strategies, providing an invaluable opportunity to discuss developments and trends that impact the ICT industry.

This year’s summit theme—‘Make it Possible’—focused on Huawei’s commitment to helping its customers achieve business success and realize endless digital possibilities. Speakers at the summit included CT Johnson, Huawei Corporate Controller, Will Zhang, Huawei President of Corporate Strategy, and Eric Xu, Huawei Executive Vice President.

"Despite challenging global economic conditions, Huawei achieved robust growth in 2012 through intense customer focus and improved operational efficiency. In the next five years, we expect to realize a compound annual growth rate of 10%. At the summit, we shared our insights into developments in the ICT industry, the opportunities these developments will present Huawei, and our strategies for reaching the company’s growth targets over the next half decade," said CT Johnson, Huawei’s Corporate Controller.

Earlier this year, Huawei announced that it had achieved global sales revenues of $35.35 billion and net profit of $2.47 billion in 2012, representing a year-on-year rise of 7.3% and 24.2% respectively. The company also posted strong growth in the Middle East and Africa (EMEA) with 2012 sales revenue for the region reaching $12.42 billion, an increase of 6.1% year-on-year.

"The world today is experiencing an unprecedented rate of change. More than six billion subscribers had been connected to each other and these connections have changed every aspect of our lives and our work. The ICT industry is still innovating rapidly,” said Will Zhang, President of Huawei’s Corporation Strategy Department.  “New trends such as mobility, cloud computing, big data, and social networking are guiding this industry towards a new competitive landscape. Consequently, the tight integration of the digital and physical worlds is not only energizing global economic development, it is also significantly changing the ways we live and work.”

Moving forward, Huawei is committed to being a key strategic partner for its customers in the carrier market. Through vertical integration and continuous investment in cloud operating systems and its SoftCOM platform, Huawei will maintain its leadership position in network equipment. Huawei will also strive for operational excellence by capitalizing on opportunities presented by the increased demand for professional services, carrier data center integration and cloud services. Huawei will further adhere to an integration strategy in the enterprise business field, whilst also becoming a world-leading smart device brand in the consumer market.

Huawei believes that the summit provides analysts with valuable insights into its strategies for the future as well as the company’s plans for continuing to create business opportunities for its customers and partners.