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Huawei sees record turnout at 10th Global Analyst Summit

F.Y. Teng | April 23, 2013
The networking giant hosts more than 140 industry analysts in Shenzhen, and celebrates "robust growth in 2012."

Will Zhang

Will Zhang, President of Huawei's Corporation Strategy Department

Shenzhen, China-based global networking vendor Huawei kicked off its 10th Global Analyst Summit on Tuesday (April 23, 2013). According to Huawei executives, they were hosting more than 140 industry analysts at company headquarters in Shenzhen. "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," they said in a statement on Tuesday.

And share the company's recent successful run was what Huawei Corporate Controller CT Johnson did on the day. "Despite challenging global economic conditions, Huawei achieved robust growth in 2012 through intense customer focus and improved operational efficiency. We enjoyed steady revenue development, recording sales of CNY220 billion [US$35.61 billion], as well as net profit of CNY15 billion [US$2.43 billion]," he said. "In the next five years, we expect to realise a compound annual growth rate of 10 percent."

Will Zhang, President of Huawei's Corporation Strategy Department, was also on hand to comment on trends and issues that clearly were of importance to Huawei's business, moving forward. "The ICT industry is still innovating rapidly. New trends such as mobility, cloud computing, Big Data, and social networking are guiding this industry towards a new competitive landscape," he said. "In addition, digitalisation is taking place at a significant level in the real world. The Internet of Things (M2M), e-commerce, and digital media are driving massive changes in many traditional industries."

Zhang went on. "Consequently, the tight integration of the digital and physical worlds is not only energising global economic development, it is also significantly changing the ways we live and work," he said. "A digital society comprised of digital citizens and digital enterprises is taking shape. These trends will lead to huge transformations in both the ICT industry and society as a whole."

To ride these trends, Huawei executives shared some of what they will be doing in the coming year. "Huawei is committed to being a key strategic partner for its customers in the carrier market," they said in their statement. "Through vertical integration and continual investment in cloud operating systems and SoftCOM, Huawei will maintain its leadership position in network equipment."

"Huawei will also strive for operational excellence by capitalising on opportunities presented by the increased demand for professional services, carrier data centre integration and cloud services," they said. "Huawei will adhere to an integration strategy in the enterprise business field. The company will focus on developing partnerships and providing its partners with the industry's most competitive products in the areas of cloud computing, data centre solutions and storage. Huawei is also committed to becoming a world-leading smart device brand in the consumer market by delivering a consistently superior customer experience."


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