Huawei, a leading global ICT solutions provider, generated revenues of $18.54 billion in the first half of this year, a 10.8 per cent increase as compared to the same period in 2012, according to its unaudited financial and operational results.

"Our success in H1 2013 was mainly driven by the steady growth of the carrier network business, the expansion of the enterprise business, and the fast growth of the consumer business, as well as the continuous enhancement of our overall operational efficiency. Revenues and profit are in line with our expectations," said Cathy Meng, CFO.

"From these positive indicators, we believe Huawei will generate strong performance and profit margins in the second half of this year and are confident that we will achieve our goal to increase revenue by 10 per cent in 2013.”

Much of Huawei’s gains have been due to business opportunities generated by a series of highly innovative new product and solution launches and a result of strategic expansions in key growth markets including the Middle East, Europe, and Australia. - TradeArabia News Service