Huawei Group posts Sh7.7tn in FY16 revenue globally

April 3, 2017
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The company has credited its performance to the growth of technology solutions uptake in Africa among other regions in the Europe, Middle East and Africa (EMEA)/FILE

, NAIROBI, Kenya, Apr 3 – Huawei Technologies Group has posted Sh7.7 trillion in revenues for the year ended 2016, marking a 32 per cent growth.

The company has credited its performance to the growth of technology solutions uptake in Africa among other regions in the Europe, Middle East and Africa (EMEA).

The firm’s trading results indicated that the EMEA region contributed Sh2.2 trillion in revenue coming in second after China which is the firm’s largest market.

The EMEA region came in second for the company which serves more than 800 million people in over 200 cities across over 80 countries and regions.

The company spent Sh1.1 trillion on research and development, and shipped 139 million Smartphones during 2016, reporting approximately Sh2.7 trillion in annual revenue, up 44 per cent.

“In 2016, Huawei maintained its strategic focus and achieved solid growth. As humanity continues to explore and make new breakthroughs in the digital world, digitisation and increasing intelligence present huge business opportunities for all industries, and are also paving the road for new growth for the ICT industry,” the company’s rotating CEO Eric Xu said.

The company also generated approximately Sh607 billion in annual revenue in its ICT infrastructure ventures which aim to support the digital transformation of key vertical industries, including finance, energy, government bodies, and public safety.

In Kenya, Huawei Public Communications, Cyril Liang Xu said the company plans to deepen their roots into the market by collaborating with companies such as Safaricom and the ICT Authority to offer Kenyans need based innovative technologies.

The company at the same time applauded the Kenyan market for being progressive in matters technology as noted in its mobile penetration rate of 88 per cent and internet users standing at 69.6 per cent.

“The market still has untapped potential which, in the near future, Huawei plans to venture into through innovations such as the smart transport and smart grid ICT solutions to curb urbanization challenges, 5G Internet connections and Internet of Things technology to ease life processes.”

This year, the company says it aims to continue boosting the efficiency and quality of their operations to ensure solid growth.

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