Displaying items by tag: FY 2019

Huawei has confirmed steady growth in the enterprise market, achieving a global sales revenue of USD12.8 billion—up 8.6% year-on-year.

Huawei's enterprise business has become one of the key drivers of the company's overall expansion. In the Middle East specifically, the company’s enterprise business group achieved exceptional results with sales revenue growing 24% year-on-year, making the region one of the top performers for Huawei globally.

As of 2019, more than 700 cities and 228 Fortune Global 500 companies have chosen Huawei as their digital transformation partner. In addition, Huawei's enterprise business has a network of more than 28,000 partners worldwide, which contribute up to 86% of the global revenue of the business group.

According to Huawei, the trust of these partners and customers has been essential to the company’s success, and Huawei will continue to partner with governments and enterprises to bring digital to every person, home and organization for a fully connected intelligent world.

Through ongoing R&D and investment in new ICT technologies such as 5G, AI, and cloud, today Huawei fully leverages the collaborative advantages of new technologies to accelerate product innovation, industry digitization, and intelligent development.

Moreover, the principle of "Being Integrated" has been well adopted in its enterprise business, so that success is shared with partners through fair, transparent, and simple partner policies.

Huawei also invested 15.3% of its 2019 revenue – or approximately USD18.8 billion – back into R&D in line with its long-term investment approach and commitment to provide technology innovations. Its total R&D spend over the past decade now exceeds USD$85.9 billion.

During 2019, Huawei leveraged the synergy among cloud, AI, and 5G to provide public cloud services and hybrid cloud solutions that are stable, reliable and sustainable.

HUAWEI CLOUD has launched more than 200 cloud services and 190 solutions, while more than 3 million enterprise users and developers currently use HUAWEI CLOUD to develop products and solutions.

Using Cloud as the base, Huawei has launched Huawei Horizon Digital Platform by integrating new ICT technologies including IoT, AI, big data, video, converged communications, and GIS to build a foundation for the future digital world.

According to leading independent market research firm Dell’Oro Group, Huawei ranked No. 1 in the share of the global Wi-Fi 6 indoor AP market, excluding North America between the third quarters of 2018 and 2019, through its provision of quality services for customers from various sectors such as education, retail, healthcare, and manufacturing.

In addition, in 2019, Huawei launched CloudEngine 16800, the industry's first data center switch built for the AI era, which has been commercially deployed in more than 150 enterprise data centers around the world.

The three OptiXs, namely OptiXtrans, OptiXaccess, and OptiXstar, have been adopted by over 3,800 companies across 158 countries and regions. According to a Gartner's report released in September 2019, Huawei's storage products took up the Leaders’ zone of the Magic Quadrant.

Huawei also released two flagship solutions for the enterprise market – HiCampus and HiDC– by relying on its cutting edge technologies in 5G, optical transmission, Internet Protocol (IP) networking, and AI technologies and making collaborative innovation across technological domains.

Huawei has a wealth of experience in helping governments and enterprises go digital. In areas such as smart city, campus, transportation, energy, manufacturing, and education, Huawei works with global partners to roll out innovative solutions and business models to create new value.

As of 2019, Huawei has partnered with more than 4,200 service providers serving over 50,000 customers around the world.

The company has participated in smart city projects in more than 200 cities across over 40 countries and regions, as well as assisting more than 1,000 financial institutions with digital transformation in terms of inclusive finance, data-driven service innovation, and open banking. Huawei serves more than 170 urban rail lines in over 70 cities worldwide, striving to build integrated transportation systems for global cities.

Building on the experience gained from its own digital transformation, Huawei has successfully built intelligent campuses for more than 300 customers. Through innovative ICT technologies, Huawei helps various sectors including manufacturing and energy reshape their manufacturing and value chains while boosting upgrade of their intelligent systems.

As part of powering enterprise partners and building a prosperous ecosystem, Huawei has established 13 OpenLabs worldwide to focus on the enterprise market. At these OpenLabs, partners receive support on the joint innovation of solutions, marketing, talent cultivation, finance, supply chains, and IT systems to continuously improve their capabilities and drive their transformation for shared success.

Committed to sharing its experience, technology, and talent cultivation standards, Huawei has worked with a huge number of educational authorities, universities, and other ecosystem players from around the world to build an open and favorable ecosystem to cultivate ICT talents and drive industry digitization.

All financial statements in the 2019 Annual Report were independently audited by KPMG, an international Big Four accounting firm.

Published in Telecom Vendors

Ericsson published its Q4 financial results which highlighted that the Swedish telecom vendor did not experience much growth.

The vendor stated that the protracted merger of T-Mobile US and Sprint were to blame for the 9% drop in North America.

However, despite this, Ericsson experienced plenty of growth in the North American region at the beginning of the year.

Ericsson CEO Börje Ekholm commented on this and stated, “Due to uncertainty related to an announced operator merger, we saw a slowdown in our North American business in Q4, resulting in North America having the lowest share of total sales for some time. However, the underlying business fundamentals in North America remain strong.”

The vendor also experienced 1% growth in Q4 and 4% in the overall Financial Year of 2019. Despite their lack of growth in North America, the company did quite well in other markets such as the Middle East and North East Asia.

Their Q4 growth gross margin accounted for 37.1% which is essentially in line with their 2020 target.

In the previous fiscal year, the vendor’s operating income was at a loss of 1.9 billion Swedish kronor and it is now valued at 6.1 billion kronor. Also, the adjusted operating income increased to 6.5 billion kronor compared it the respective quarter last year of 2.6 billion kronor.

There was a decline to 14.5 % in the networks operating margin, which the firm attributes to an increase in investment and the occurrence of the Kathrein acquisition.

Ekholm also added, “Operating income was impacted by increased operating expenses. The increase is related to the Kathrein business acquisition, increased investments in digitalization and added resources to strengthen security as well as our Ethics and Compliance program. For 2020 we expect somewhat higher operating expenses, which will not jeopardize our financial targets.”

Whereas their Q4 net sales increased by 4% and was valued at 66.37 billion kronor compared to the respective quarter last year which (63.81 billion kronor). Sales were adjusted due to currency and comparable units and it was reported that there was a 1% increase year-over-year.

Ericsson has stated that they will be proposing a dividend for 2019 of 1.50 kronor per share at their

Ericsson has stated that at the Annual General Meeting, they will be proposing a dividend of 1.50 kronor per share for 2019. This is an increase compared to the 1.00 kronor per share from 2018.

Published in Telecom Vendors