Huawei reports 34 percent increase in profit
China’s Huawei Technologies Ltd, the world’s No 2 telecommunications equipment maker, reported its fastest profit growth in four years as expansion in enterprise and consumer revenue far exceeded growth in its network building division.
In 2013, net profit rose 34.4 percent to 21 billion yuan ($3.38 billion), the company said. Operating profit was 29.1 billion yuan, compared with the company’s forecast range of 28.6 billion yuan to 29.4 billion yuan.
The company has benefited from companies investing heavily in cloud and mobile computing, while it has shipped so many mobile handsets that it became the world’s third-biggest smartphone manufacturer last year.
Huawei is looking for revenue from Chinese mobile phone operators switching to fourthgeneration networks to cushion a slowdown in network spending abroad.
A woman gets off a bus on Tuesday in Shanghai with the help of her guide dog. Regulations on the protection of disabled people took effect this week in Shanghai, and include allowing guide dogs to enter public places and be on public transit.