back to article Huawei profits tumble as global economy falters

China’s largest telecoms kit maker Huawei has seen its profits for the first half of 2012 slump by nearly a quarter, thanks to the sluggish global economy. Huawei said that although sales revenue for the period increased 5.1 per cent from the same time last year to 102.7 billion yuan (£10.4bn), operating profits tumbled 22 per …

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Anonymous Coward

Pushing into the UK

I can safely say they will be making a huge push into the UK market in the next year and from what I've seen, the kit outperforms a LOT of the competition, both Telecom and Network hardware.

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Re: Pushing into the UK

Just got a small SAN appliance from them and it's blazing fast and blazing cheap - compared to the offerings from netapp et al.

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Boffin

Phil, to put Huawei's Q2 results in perspective,

wouldn't it have been wise to compare with Ericsson's, which showed a 1 % increase in net sales (-17 % in networks) YoY, but a sharp (63 %) decline in net income (http://www.ericsson.com/res/investors/docs/q-reports/2012/6month12-en.pdf) ? Under these circumstances, Huawei doesn't seem to be doing so bad....

Henri

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